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Ligand and Eli Lilly sign $194mm diabetes agreement

Executive Summary

Ligand could receive up to $49mm in research funding (5 years), a $37.5mm equity investment ($17.23/share), $12.5mm in milestones, and up to $75mm in milestones (8 years) plus royalties from Lilly in exchange for certain diabetes compounds and drugs.
Deal Industry
  • Biotechnology
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Alliance
    • Includes Equity
    • R&D and Marketing (Licensing)

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