Lilly to pay Beam up to USD 600m for rights to experimental heart disease treatments

Eli Lilly & Co. is buying rights from Beam Therapeutics Inc. to develop and commercialize treatments for heart disease that make use of an experimental gene-editing technology.

Photo: Darron Cummings/AP/Ritzau Scanpix

By Gerry Smith, Bloomberg

Lilly will pay Beam USD 200m upfront and make a USD 50m equity investment in the company, the companies said Tuesday in a statement. Lilly, which has deep expertise in heart disease, will pay as much as an additional USD 350m if the programs hit certain goals.

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