Shots:

• Evox to receive $20M upfront- research funding over three years- $10M investment in exchange for a convertible bond- pre-clinical & clinical development- regulatory & commercial milestones for up to $1.2B plus royalties on sales. Evox will take care of material supply for in vivo studies and exosome engineering for brain/CNS-targeting- drug loading and analytics and some in vitro assay development
• Eli Lilly to get rights for Evox's DeliverEX platform to develop RNAi & ASO drug payloads for neurological disorders and will get hold of any developed candidates and technology transfer post completion of pre-clinical proof of concept studies
• DeliverEX platform allows loading of exosomes with diverse drug cargos utilizing tissue targeting capabilities of exosomes further providing manufacturing plus purification for advanced exosome therapeutics

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Ref: PRNewswire | Image: Eli Lilly