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Amylin, Lilly End Partnership Over Byetta

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According to a report from Bloomberg, Amylin Pharmaceuticals Inc., and Eli Lilly & Co., have agreed to end their ten year diabetes partnership in an effort to resolve litigation between the two companies. Amylin filed a lawsuit against Eli Lilly in May to prevent the company from marketing Lilly’s own version of Byetta, called linagliptin, with the same sales force, alleging anticompetitive activity, and breach of strategic alliance agreement. 

A statement issued by the companies said that Amylin will assume responsibility for Byetta, and the rights to Bydureon, a drug that comparable to Byetta but taken only once a week. Bydureon is expected to hit the U.S. market sometime next year. Amylin will also pay Lilly $250 million upfront, and $1.2 billion in future revenue shares plus interest.

Lilly is developing linagliptin with the German drug manufacturer, Boehringer Ingelheim GmbH. The move makes Amylin and Lilly competitors in the diabetes market. The FDA approved linagliptin for sale in the U.S. in May under the name Tradjenta. 

Byetta is used as a treatment for patients on diabetes medications and as it own therapy, by stimulating the pancreas to produce insulin when blood sugars go high.

 


 

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Amylin, Lilly End Partnership Over Byetta

breakinglawsuitnews.com disclaimer: This article: Amylin, Lilly End Partnership Over Byetta was posted on Wednesday, November 9th, 2011 at 6:40 pm at breakinglawsuitnews.com and is filed under Uncategorized.

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