Week In Review: Kumquat Signs $2 Billion US-China Deal With Lilly For Novel Immune Drugs
July 31, 2021 at 14:28 PM EDT
Kumquat Biosciences announced a $2 billion agreement with a Lilly subsidiary to discover small molecule drugs that stimulate tumor-specific immune responses in cancer patients. Lilly will make a $70 million payment consisting of cash and equity.
