Lilly expands collaboration with Zymeworks
US pharma major Eli Lilly (NYSE: LLY) and privately-held Canadian biotech firm Zymeworks have expanded their existing cancer immune therapy licensing and collaboration agreement.
Originally announced in January 2014, the global strategic collaboration is focused on the development of an undisclosed number of novel bi-specific antibody therapeutics using Zymeworks' proprietary Azymetric platform. Commercial terms of that accord were not disclosed.
Potential $375 million in milestone and other payments to Zymeworks
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