PureTech Health Affiliate Entrega to Receive $5 Million for Eli Lilly Collaboration
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.
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(END) Dow Jones Newswires
December 19, 2017 05:15 ET (10:15 GMT)Copyright (c) 2017 Dow Jones & Company, Inc.