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Biotech / Medical : Eli Lilly
LLY 813.64-0.8%3:59 PM EDT

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Lance Bredvold
From: Moonray2/26/2021 11:13:48 AM
1 Recommendation   of 636
 
U.S. buys 100,000 courses of Eli Lilly’s latest antibody treatment
Sara Salinas

The United States has agreed to purchase 100,000 treatment courses
of Eli Lilly’s recently approved antibody treatment for Covid-19.

The agreement comes at an initial purchase price of $210 million and
includes an option to buy additional supply as needed, up to 1.2 million
total treatment courses.

The therapeutic from Eli Lilly combines two monoclonal antibodies,
bamlanivimab and etesevimab, administered through an IV infusion
to treat high-risk Covid patients who are displaying symptoms but
have not yet developed severe disease.

It received an emergency use authorization from the Food and Drug
Administration earlier this month.

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