PureTech Health Affiliate Entrega to Receive $5 Million for Eli Lilly Collaboration
December 19 2017 - 4:30AM
Dow Jones News
By Oliver Griffin
PureTech Health PLC (PRTC.LN) said Tuesday that affiliate
company Entrega will receive $5 million after entering a
research-collaboration agreement with Eli Lilly & Co.
(LLY).
Entrega will receive the sum in equity and research funding from
Eli Lilly, allowing it to investigate the application of its
peptide-delivery technology to Eli Lilly products and therapeutic
candidates, PureTech said.
The agreement does not grant Eli Lilly a development or
commercialization license for the Entrega technology, PureTech
added.
Shares in PureTech Health at 0949 GMT were up 4%, or 5 pence, at
145.00 pence.
Write to Oliver Griffin at oliver.griffin@dowjones.com
(END) Dow Jones Newswires
December 19, 2017 05:15 ET (10:15 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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