RAC 6.80% $1.89 race oncology ltd

Industry news, page-421

  1. 11,249 Posts.
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    This deal with Elly Lilly is oncology.

    https://endpts.com/eli-lillys-van-naarden-puts-up-380m-in-cash-to-land-a-major-new-oncology-deal/
    • $380M upfront  ( $300n cash + $80 equity )
    • $1.3 billion in potential milestones
    • co-development and co-commercialization rights to their BRM selective program — which uses protein degradation and enzymatic inhibition — directed against BRG1 mutations. Those mutations are aligned along 5% of all tumors and 10% of NSCLC.
    FTO  is shaping up to be bigger ~ 15% of all tumors …
 
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