Key insights
- Eli Lilly has expanded its collaboration with Camurus, exercising an option for amylin receptor agonists. This extends Lilly's exclusive global rights to Camurus' FluidCrystal technology for cardiometabolic drugs. The deal includes potential milestone payments up to $290M and sales-based milestones up to $580M, plus royalties. This validates Camurus' technology and broadens the partnership, potentially impacting the development of new treatments in the growing amylin therapeutics field.
Camurus (NASDAQ STO: CAMX) today announced that Eli Lilly and Company ("Lilly") has exercised its option to include amylin receptor agonists (amylin) in the collaboration and license agreement entered in June 2025. The decision extends Lilly's exclusive, global rights to Camurus' FluidCrystal® technology for the development and commercialization of long acting cardiometabolic drug medicines to an additional compound class.
The agreement comprises up to four proprietary Lilly drug compounds across three classes: dual GLP-1 and GIP and receptor agonists, triple agonists for GLP-1, GIP and glucagon receptor agonists, and amylin receptor agonists.
"Lilly's decision to exercise the option validates our technology, broadens our partnership and extends FluidCrystal into the expanding field of amylin therapeutics", said Fredrik Tiberg, President and CEO of Camurus. "We are very pleased with how the collaboration with Lilly is progressing."
Under the agreement, Camurus is eligible to receive up to 290 million USD in upfront development and regulatory milestone payments, as well as 580 million USD in sales-based milestone payments, in addition to tiered mid-single digit royalties on product sales. The option exercise triggers a 5 million USD initial payment to Camurus and is subject to milestone payments and the same royalty levels as the other compounds in the collaboration.