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Gains AM0010 being investigated in a Phase III trial in pancreatic cancer
May 10, 2018
By: Kristin Brooks
Managing Editor, Contract Pharma
Eli Lilly & Co. has entered an agreement to acquire ARMO BioSciences Inc. for approximately $1.6 billion in cash, expanding its portfolio of immuno-oncology therapies. The acquisition, subject to customary closing conditions, is expected to close 2Q18. ARMO, based in Redwood City, CA is developing cancer treatments that harness the body’s immune system to fight tumors. Its lead candidate, AM0010 is being investigated in a pivotal Phase III trial in pancreatic cancer. According to Armo, A...
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