Lilly acquires Deciphera program in $130M deal

12 October 2008

US drug major Eli Lilly has licensed privately-held Deciphera Pharmaceuticals' preclinical B-Raf kinase inhibitor program for the study of potential oncology therapeutics.

The alliance will apply Deciphera's phylomechanics discovery platform, a unique, proprietary approach to kinase inhibitor design, together with Lilly's expertise to pursue first-in-class drugs for a variety of cancers.

Under the terms of the deal, Lilly and Deciphera will collaborate in four different project areas involving selective or multi-kinase targeted B-Raf inhibitors. Lilly will obtain exclusive worldwide rights to any products developed as part of this collaboration.

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