03.17.20

Eli Lilly Joins Race to Develop Coronavirus Treatment

Source: Bloomberg

Pharmaceutical giant Eli Lilly & Co. has entered an agreement to develop an experimental therapy for the new coronavirus with with closely held biotechnology company AbCellera Biologics Inc., according to a Bloomberg report.

The Vancouver-based biotechnology firm is already working on discovering antibodies that could potentially be deployed to stop transmission of the virus and prevent the lung illness known as Covid-19. The co-development agreement was announced by the companies in a statement Thursday afternoon.

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