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Ligand Pharmaceuticals, Inc.

Drug Names(s): LY518674

Description: LY674 is a peroxisome proliferation activated receptor (PPAR) alpha agonist.

Deal Structure: The Lilly-Ligand collaboration involving PPAR modulators began in 1997.

Under the terms of the collaboration, Ligand receives research funding from Lilly. Lilly is responsible for the development and registration of any products resulting from the collaboration, and pays Ligand milestone payments as products move through the development process. Lilly has exclusive worldwide marketing rights to products resulting from the research, and will pay Ligand up to low double-digit royalties on sales of products that make it to market.

Partners: Eli Lilly & Company

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