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Innovent Expands Ex-China Alliance with Lilly in $1 Billion Agreement

publication date: Aug 18, 2020

Suzhou Innovent Bio expanded its 2015 alliance with Eli Lilly for Tyvyt®, Innovent's anti-PD-1 immunotherapy. In return for a $1+ billion package, Lilly will have an exclusive license to develop Tyvyt in ex-China markets. Lilly will pay $200 million upfront and up to $825 million in milestones, plus tiered double-digit royalties on net sales. Innovent and Lilly started co-marketing Tyvyt in China as a third-line treatment for classic Hodgkin's lymphoma in 2019. More details....

Stock Symbols: (HK: 01801) (NYSE: LLY)

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