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Stock impact report

Eli Lilly bets on recombinases in $2.25bn Profluent R&D pact [Yahoo! Finance]

Johnson & Johnson (JNJ) 
Last johnson & johnson earnings: 4/14 06:31 am Check Earnings Report
US:NYSE Investor Relations: jnj.com
Company Research Source: Yahoo! Finance
The deal, which will see Lilly hand over an undisclosed upfront payment and funding for Profluent's R&D efforts, could deem the biotech eligible for $2.25bn in development and commercial milestones. Profluent will also see tiered royalties on net sales if any of the developed recombinases were to make it to market. Through this partnership, Lilly and Profluent will work across multiple programmes, which will focus on developing and commercialising site-specific recombinases for diseases with “severe unmet needs”. To achieve this, Profluent will take an AI-driven approach – using the technology to create and optimise custom recombinases targeting exact locations in the genome to enable large-scale, precise DNA editing. Under the deal's terms, Lilly will also gain the exclusive rights to take selected recombinases through both early and clinical development to commercialisation. According to Profluent, altering DNA on a kilobase scale could help address the variation in mutations Show less Read more
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