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Eli Lilly, Verge Genomics Ink $720M Pact For Amyotrophic Lateral Sclerosis Therapies

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  • Verge Genomics has announced a three-year collaboration with Eli Lilly And Co (NYSE: LLY) to research and develop novel therapies to treat amyotrophic lateral sclerosis (ALS), a motor neuron disease.

  • Under the terms of the three-year agreement, Verge will receive up to $25 million in upfront equity investment and potential near-term payments, with an additional milestone value of $694 million and potential downstream royalties.

  • Verge will apply its all-in-human platform to discover and validate new targets for ALS. The all-in-human platform is based on a proprietary collection of patient brain transcriptomes across various neurodegenerative diseases.

  • Verge will apply its human-based discovery capabilities to validate targets.

  • Lilly will select up to four targets identified by Verge with plans to advance through clinical development and commercialization.

  • Price Action: LLY shares are down 1.75% at $231.70 in the premarket session on the last check Thursday.

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