Alchemab to earn up to $415 million in new Lilly deal

6 May 2025

Privately-held Alchemab Therapeutics, a biotech that uses the power of human immune evolution to identify and develop naturally-occurring therapeutic antibodies from resilient individuals, has entered into a licensing agreement with US pharma major Eli Lilly (NYSE: LLY).

The deal is for ATLX-1282, Alchemab’s first-in-class investigational new drug (IND)-ready program for amyotrophic lateral sclerosis (ALS) and other neurodegenerative conditions.

In total, up to $415 million could be earned by Alchemab from the collaboration, including an undisclosed upfront payment, potential discovery, development and commercialization payments and royalties.

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