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Lilly Pays KeyBioscience $55m Up Front to Expand Its Early Diabetes Pipeline

 
• By Mandy Jackson

Lilly nabbed multiple molecules for its early-stage diabetes portfolio via a $55m-plus partnership with KeyBioscience, making sure that the big pharma's pipeline continues to add products to its largest franchise.

Diabetes

Eli Lilly & Co. will pay KeyBioscience AG $55m plus undisclosed milestone fees and tiered royalties to work on dual agonists of two well-known targets in the treatment of metabolic disorders, including diabetes – the biggest and increasingly the most important franchise in Lilly's portfolio.

Growth in Lilly's diabetes franchise will offset declining sales of drugs for central nervous system (CNS) diseases, which historically has...

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