Eli Lilly, Taisho end collaboration for investigational diabetes drug

Eli Lilly and Taisho ended a licence agreement over experimental type 2 diabetes drug TS-021. Taisho noted Monday that the move comes after "pre-clinical study results did not meet certain criteria set by Lilly."

Lilly obtained the exclusive development and marketing rights to TS-021 from Taisho in July 2005 for all countries, excluding China and Japan. Taisho said it plans to continue developing the drug, which is now in Phase I trials, news sources report.

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