When buying Loxo, Lilly highlighted the importance of LOXO-292, a first-in-class oral RET inhibitor, rather than the already-approved Vitrakvi, perhaps knowing that partner Bayer was going to be exercising an option to take full control of the TRK inhibitor.
Bayer wants more than just a slice of Vitrakvi pie • Source: Shutterstock
With Eli Lilly & Co. sealing the deal to acquire its partner Loxo Oncology Inc., Bayer AG has moved swiftly to take full control of its tissue-agnostic drug Vitrakvi rather than share the rights to the closely watched cancer therapy with a fellow big pharma.
The German major first teamed up with Loxo back in November 2017 and a year later the FDA approved Vitrakvi...
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The Swiss pharma company is rebalancing the portfolio, emphasizing best-in-class drugs and moving into new areas like cardiovascular and metabolic disease.
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