Eli Lilly and Company (NYSE: LLY) and Versanis Bio have announced a definitive agreement for Lilly to acquire Versanis, a private clinical-stage biopharmaceutical company focused on the development of new medicines for the treatment of cardiometabolic diseases. Versanis’ lead asset is bimagrumab, a monoclonal antibody that binds activin type II A and B receptors to block activin and myostatin signaling. Bimagrumab is currently being assessed in the BELIEVE Phase 2b study alone and in combination with semaglutide in adults who are overweight or obese. Combining incretins with bimagrumab has the potential to further reduce fat mass while preserving muscle mass and may lead to better outcomes for people living with obesity and obesity-related complications.
Read the full article: Lilly to Acquire Versanis to Improve Patient Outcomes in Cardiometabolic Diseases //
Source: https://www.prnewswire.com/news-releases/lilly-to-acquire-versanis-to-improve-patient-outcomes-in-cardiometabolic-diseases-301877184.html