Adocia left at the altar for a second time by Eli Lilly
Adocia (Euronext Paris: ADOC) has announced that American drugmaker Eli Lilly (NYSE: LLY) has terminated an agreement to develop and commercialize the fast-acting insulin treatment BioChaperone Lispro.
As European markets reacted to the news, shares in Adocia fell off a cliff, and are now down nearly 30% since the opening bell.
It’s the second time Lilly has walked out on the French biotech firm.
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