Af­ter in­vest­ing in their Se­ries B, Lil­ly bags a li­cense for a batch of meta­bol­ic can­di­dates

Eli Lil­ly will li­cense in Re­gor Ther­a­peu­tics ther­a­pies for meta­bol­ic dis­or­ders, as a part of an agree­ment an­nounced Fri­day that will give the Chi­nese biotech an up­front pay­ment of up to $50 mil­lion, part of which is an eq­ui­ty in­vest­ment.

In a vague­ly word­ed re­lease, Lil­ly said it has a li­cense for cer­tain Re­gor “in­tel­lec­tu­al prop­er­ty” and will have an op­tion to ex­tend that li­cense. In ex­change, Lil­ly will over­see glob­al clin­i­cal de­vel­op­ment and com­mer­cial­iza­tion for any ther­a­pies, with the ex­cep­tion of Chi­na, Macau, Hong Kong and Tai­wan. Re­gor, a Shang­hai-based com­pa­ny, will re­serve the rights to these re­gions.

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