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Friday, October 19, 2007

Lilly and MacroGenics, Licensing and Collaboration Agreement

10/18/2007 Eli Lilly and Company (NYSE:LLY) and MacroGenics, Inc. announced that the two companies have entered into a global strategic alliance to develop and commercialize teplizumab, a humanized anti-CD3 monoclonal antibody, as well as other potential next generation anti-CD3 molecules for use in the treatment of autoimmune diseases. As part of the deal, Lilly will acquire the exclusive rights to the molecule. Teplizumab is currently being studied in the PROTÉGÉ trial, a global pivotal Phase II/III clinical trial for individuals with recent-onset type 1 diabetes*... MacroGenics' Press Release - Lilly's Press Release -