PeptiDream inks news research deal with Lilly
Japanese biotech PeptiDream (TYO: 4587) saw its shares gain more than 20% to 1,965 yen today, after it announced a new research collaboration and license agreement with US pharma major Eli Lilly (NYSE: LLY) focused on the discovery and development of novel peptide drug conjugates (PDCs).
Under the accord, PeptiDream will use its proprietary peptide discovery platform system (PDPS) technology to identify high affinity macrocyclic peptide ligands to Lilly-elected targets of interest, capable of delivering a Lilly conjugated payload to certain cells and tissues of interest to Lilly. PeptiDream will lead peptide discovery and optimization efforts, and Lilly will lead payload discovery and optimization efforts.
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