Pharma BD Deal Intelligence

Eli Lilly and Company / AC Immune SA

2019 · Licensing/Option · $1.9B · Complete

Outcome grade pending — assessed 5 years post-close.

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The coverage arc

Dec 12, 2018 AC Immune Form 6-K, Exhibit 99.1 Bullish

AC Immune to receive an initial upfront payment of CHF80 million and will be eligible for CHF60 million in potential near-term development milestones, up to…

Dec 12, 2018 GEN (Genetic Engineering & Biotechnology News) Bullish

Lilly committed up to $1.9B (CHF 1.89B) including $80.4M upfront, $50M convertible note, and ~$1.7B in milestones for AC Immune's Morphomer Tau small-molecule…

Apr 23, 2020 FierceBiotech Bullish

Subsequent $12.5M expansion payment as the Morphomer Tau small-molecule asset moved closer to clinic — analysts treated the follow-on payment as validating…

Source summaries from our enrichment pipeline; follow links for originals.

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Eli Lilly licensed AC Immune's Tau Morphomer small molecule discovery program for Alzheimer's disease and other neurodegenerative diseases. AC Immune received CHF 80M upfront ($80M) plus a CHF 50M equity investment, with up to CHF 1.7B (~$1.8B) in development, regulatory and commercial milestones plus tiered royalties on net sales.

Key facts

Related deals — scored

DealYearValueOutcome
Eli Lilly and Company / AC Immune SA (this deal)2019$1.9B
Eli Lilly and Company / Boehringer Ingelheim GmbH2011$444M89
Eli Lilly and Company / Loxo Oncology, Inc.2019$8.0B88
Eli Lilly and Company / Applied Molecular Evolution Inc.2003$400M88
Eli Lilly and Company / ICOS Corporation2006$2.3B87
Eli Lilly and Company / Novartis Animal Health2014$5.4B70
Eli Lilly and Company / Incyte Corporation2009$755M69

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