Lilly inks R&D deal with Anima, paying $44M in research funding and upfront payments
Eli Lilly $LLY is commissioning a small team in New Jersey to implement its unusual approach to drug discovery on a few of Lilly’s targets, paying out $30 million in an upfront fee plus some cash to get the research started.
The new partner is Anima Biotech, a tiny company that’s targeting disease-causing proteins way upstream with a new class of drugs. The company’s co-founder and CEO Yochi Slonim describes Anima’s platform tech this way:
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