Eli Lilly teams up with KRAS drug pioneer Yi Liu targeting small molecule I/O with $70M upfront
Among the major drugmakers, oncology has become a gold rush in recent years with the big dogs hoovering up research partners along the way. One of the pioneers of KRAS drug development will now help Eli Lilly on its search for next-gen I/O therapies.
Lilly will pay $70 million in upfront cash and equity with an additional $2 billion in biobucks for a slate of immuno-oncology small molecule drugs from San Diego’s Kumquat Biosciences, a private oncology player led by Kevan Shokat acolyte and KRAS pioneer Yi Liu, the partners said Thursday.
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