Eli Lilly Beefs Up Neuro Pipeline With Addition Of Preclinical ALS, Dementia Prospect
Portfolio Pulse from Vandana Singh
Eli Lilly has entered into an exclusive license agreement with QurAlis Corporation to develop and commercialize QRL-204, a preclinical compound targeting ALS and dementia. The deal includes an upfront payment of $45 million, potential milestone payments up to $577 million, and tiered royalties on net sales. The agreement also involves a research collaboration to develop additional candidates targeting UNC13A.
June 03, 2024 | 6:05 pm
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Eli Lilly has secured exclusive global rights to develop and commercialize QRL-204, a preclinical compound for ALS and dementia, through a deal with QurAlis. The agreement includes an upfront payment of $45 million, potential milestone payments up to $577 million, and tiered royalties on net sales. This move strengthens Eli Lilly's neuro pipeline.
The exclusive license agreement with QurAlis to develop and commercialize QRL-204 significantly enhances Eli Lilly's neuro pipeline. The financial terms, including the upfront payment and potential milestone payments, indicate a substantial investment in this area, which is likely to positively impact LLY's stock price in the short term.
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