Eli Lilly has a blockbuster diabetes drug, dulaglutide (Trulicity), which helps the body make more insulin. But that drug, and others in the same class, are injectables. A number of companies are trying to offer patients a pill alternative.
Lilly (NYSE: LLY) now has a new pill drug candidate in its pipeline. The Indianapolis pharmaceutical giant has acquired rights to a Chugai diabetes drug that is ready to begin Phase 1 studies as a treatment for type 2 diabetes. According to deal terms announced late Thursday, Lilly will pay Tokyo-based Chugai $50 million up front in exchange for worldwide rights… Read more »
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