By Jason Chau
Eli Lilly has signed a drug discovery deal with InSilico that the Hong Kong-listed biotech firm says could be valued at as much as $2.75 billion.
The partnership is the latest in a string of tie-ups between pharma majors and Chinese firms, and grants Lilly exclusive worldwide rights to a portfolio of programs across multiple therapeutic areas.
InSilico will receive an upfront payment of $115 million, and is eligible for additional milestone payments that could put the total deal value at about $2.75 billion, it said in a filing.
The companies will also work on multiple research-and-development programs focused on targets selected by Lilly, and using InSilico's Pharma.AI platforms.
Shares of InSilico, which specializes in integrating AI and automation in drug discoveries, surged 10% in early trade on Monday.
Write to Jason Chau at jason.chau@wsj.com
(END) Dow Jones Newswires
03-29-26 2220ET



















