Evommune, Inc., a private R&D company and innovation engine in chronic inflammation, today announced it has entered into an exclusive license agreement with Dermira, Inc., a wholly-owned subsidiary of Eli Lilly and Company, to develop and commercialize three development programs for the treatment of various inflammatory disea
LOS ALTOS, Calif., Jan. 7, 2021 /PRNewswire/ -- Evommune, Inc., a private R&D company and innovation engine in chronic inflammation, today announced it has entered into an exclusive license agreement with Dermira, Inc., a wholly-owned subsidiary of Eli Lilly and Company, to develop and commercialize three development programs for the treatment of various inflammatory diseases. These investigational compounds include IRAK4/TrkA, a small molecule that broadly inhibits innate inflammation; RORγt, a small molecule addressing Th17 mediated inflammation; and MRGPRX2, a small molecule to treat chronic pruritus (itch). “These three promising investigational programs expand Evommune’s pipeline and position us for long-term growth as a research and development company,” said Luis Peña, president and chief executive officer of Evommune. “As our leadership team was pivotal in the original development of these compounds at Dermira, we are thrilled to have the opportunity to continue their development and potentially help the many patients living with these debilitating diseases who are in dire need of new treatment options to improve their quality of life.” Financial terms of the agreement include an undisclosed upfront payment, potential future milestone payments per licensed compound to Dermira upon achievement of certain development and regulatory milestones as well as sales milestones and royalty payments. About IRAK4/TrkA About RORγt About MRGPRX2 About Evommune, Inc. Media Contact: View original content to download multimedia:http://www.prnewswire.com/news-releases/evommune-in-licenses-three-development-programs-focused-on-treating-inflammatory-conditions-from-dermira-a-wholly-owned-subsidiary-of-eli-lilly-and-company-301202391.html SOURCE Evommune, Inc. |