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Amunix will receive an option fee and is eligible for additional milestones
December 17, 2014
By: Kristin Brooks
Managing Editor, Contract Pharma
Eli Lilly and Co. has exercised its option to an exclusive worldwide license to develop and commercialize an XTEN product under a research collaboration with Amunix to develop new therapeutics targeting diabetes. Amunix will receive an option fee and is eligible to receive additional regulatory milestones, plus royalties on worldwide sales of the Lilly XTEN product in development. Further financial terms were not disclosed. XTEN is a recombinant polypeptide that extends the in vivo half-life...
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