Pharmaceutical major Eli Lilly has signed a worldwide collaboration agreement with medical device manufacturer Synthes to address the needs of patients with bone disorders.
The agreement will allow the joint development of early stage compounds to be used by patients in the care of orthopaedic surgeons, including those who suffer from osteoporosis, and the two companies will collaborate to develop osteoinductive medications.
Both companies will also conduct and fund work into evaluating Lilly’s osteoporosis drug Forteo for other orthopaedic uses, while Forteo will also be co-promoted in the US to orthopaedic surgeons under the agreement.
Lilly Bio-Medicines executive vice-president and president Bryce Carmine said, “We believe that patients worldwide will benefit from this collaboration because together we will be able to look for new ways to treat osteoporosis and bone fractures.”
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