Eli Lilly partners with Shanghai Junshi for COVID-19 cure

Deal empowers Chinese company to fast-track promising coronavirus therapies

Test Tube Reuters 20200507

The joint effort may allow the partnership to initiate clinical studies in the U.S. later this year, as the dramatic drop of COVID-19 patients in China makes trials there more difficult. © Reuters

DI NING, HE JINGWEI and HAN WEI, Caixin

U.S. pharmaceutical Eli Lilly is partnering with Chinese drugmaker Shanghai Junshi Biosciences to develop new antibody therapies for COVID-19, the disease that has sickened 3.6 million people worldwide.

The companies will collaborate on therapeutic antibody research that could be used to treat and prevent SARS-COV-2, the virus that causes COVID-19, Hong Kong listed Junshi said in a statement. The deal is worth up to $330 million to Junshi.

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