Lilly

Eli Lilly partners with Shanghai Junshi for COVID-19 cure

U.S. pharmaceutical Eli Lilly is partnering with Chinese drugmaker Shanghai Junshi Biosciences to develop new antibody therapies for COVID-19, the disease that has sickened 3.6 million people worldwide.

The companies will collaborate on therapeutic antibody research that could be used to treat and prevent SARS-COV-2, the virus that causes COVID-19, Hong Kong listed Junshi said in a statement. The deal is worth up to $330 million to Junshi.

As scientists race to develop treatments for COVID-19, neutralizing antibody therapies seem to be in the forefront due to their potential efficacy, despite substantial risks, experts say.

A neutralizing antibody recognizes proteins

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