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From China With IO: Lilly Bets $1bn+ To Take Innovent Drug Global

Chinese Firm To Internationalize Via Wider Partnership

 
• By Brian Yang

Lilly is acquiring exclusive global rights to a Chinese domestically developed immuno-oncology drug in one of the year’s biggest commercial deals in the country.

China - Suzhou City
LILLY OBTAINS GLOBAL RIGHTS TO IO DRUG FROM SUZHOU-BASED INNOVENT BIO • Source: Shutterstock

With $200m upfront and a total deal value of up to a further $825m in milestones, plus tiered double-digit sales royalties, Eli Lilly and Company is betting big on Tyvyt (sintilimab), the immuno-oncology product co-developed with Chinese biotech Innovent Biologics, Inc.

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