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Lilly, Somatogen enter hemoglobin substitute collaboration

Executive Summary

Lilly has licensed the rights in most of the world to Somatogen's hemoglobin substitute, rHb1.1, in exchange for up to $35mm in equity purchases and the assumption of worldwide development and manufacturing costs.
Deal Industry
  • Pharmaceuticals
  • Biotechnology
    • Large Molecule
Deal Status
  • Terminated
Deal Type
  • Alliance
    • Co-Promotion
    • Includes Equity
    • Includes Royalty or Profit Split Information
    • R&D and Marketing (Licensing)

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