Sosei and Lilly ink deal on diabetes and metabolic diseases
Japan-based Sosei Group’s (TYO: 4565) shares rose 8.4% to 2,222 yen today, as it announced it is collaborating with US pharma major Eli Lilly (NYSE: LLY) to discover, develop and commercialize small molecules that modulate novel G protein-coupled receptor (GPCR) targets linked with diabetes and metabolic diseases.
This new agreement will leverage the StaR technology and structure-based drug design (SBDD) platform of its UK-based subsidiary Sosei Heptares along with Lilly’s extensive drug developm Heptares ent and commercialization expertise as well as its therapeutic area expertise in diabetes and metabolic diseases.
Under the terms of the agreement, Sosei Heptares will focus its efforts on multiple GPCR targets nominated by Lilly to deliver novel target-selective small molecule hit candidates for further development and commercialization.
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