Congratulations to Lindy Biosciences, Inc. on sealing a licensing deal with Novartis! Lindy will receive an upfront payment of $20M and is eligible to receive up to $934M in milestone payments plus royalties. The collaboration will focus on transitioning select medicines from the Novartis portfolio to self-administered subcutaneous injections using Lindy's proprietary microglassification suspension technology. Well done to Deborah Bitterfield and the entire Lindy team!
We are thrilled to announce a major milestone: Lindy Biosciences has entered into a global licensing and collaboration agreement with Novartis for our cutting-edge drug formulation and delivery platform. This deal marks a significant step forward in our mission to return patients to control and independence. ?? Solving for the limitations in biologics delivery systems: Novartis gains multi-target exclusive global rights to our microglassification suspension technology, designed to deliver high-dose biologics by convenient subcutaneous injections. ?? A new pace on patient care: This collaboration is set to enhance self-administration of high-concentration treatments, potentially improving patient outcomes and compliance. ? Learn More: https://lnkd.in/eKSv_sCs ? #Biotech #DrugDelivery #Innovation #Healthcare #Biologics #Pharma #News