Lilly, Yabao collaborate on diabetes

Share this article:

Indiana's Eli Lilly has paired up with Beijing's Yabao Pharmaceutical to develop Lilly's experimental glucokinase activator LY2608204. The partners describe the pipeline treatment in a statement as a possible new way to address diabetes. The idea is that the activator would promote insulin secretion and lower the liver's glucose production, a combination the drug partners say “may exert powerful anti-hyperglycemic effects.”

The deal gives Yabao development and commercialization rights in China, while Lilly holds onto rights in all other geographies.

Data from the International Diabetes Foundation, which is comprised of diabetes associations in 170 countries and territories, indicates that China has the largest number of diabetics, with 98.4 million as of 2013. The IDF ranks the United States third, with 24.4 million, behind India, which counted 65.1 million last year.

Share this article:
close

Next Article in Business Briefs

Email Newsletters

More in Business Briefs

Miss Idaho shows off diabetes pump

NPR reports that the move has made Sierra Sandison a type 1 diabetes hero and that users have given the Facebook photo over 4,000 "likes."

Roche is hungry, not starving for M&A

CEO Severin Schwan tells Reuters that the Swiss firm will be looking for small acquisitions and partnerships.

AbbVie nabs Shire for $54B

AbbVie, in the latest example of a US drugmaker seeking to lower its tax rate, said today that it's buying Dublin-based Shire for $54 billion.