The $2.7B Precision/Eli Lilly deal gets modified; Abeona closes $25M direct offering
A deal between Precision BioSciences and Eli Lilly has now been modified with lower milestones.
Precision announced the change in an SEC filing, saying the companies entered the modified terms on June 30 after Lilly assigned the Precision deal to its subsidiary Prevail Therapeutics in November. The drugmaker made the deal with Precision in November 2020, and acquired Prevail in December of the same year.
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