Avidity Biosciences Gets $35M in Immunology R&D Deal with Eli Lilly

San Diego Biotechnology Network
San Diego Biotechnology Network
Avidity Biosciences Gets $35M in Immunology R&D Deal with Eli Lilly
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Avidity Biosciences, a biotech developing drugs that deliver bits of RNA and DNA to cells to treat disease, has signed its first strategic pharmaceutical partner. Eli Lilly (NYSE: LLY) is paying Avidity $20 million upfront?plus $15 million in equity?for the rights to use the La Jolla, CA, startup?s technology to try and develop new medicines. [?]


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