Insilico Medicine struck a drug discovery collaboration with Eli Lilly worth upwards of $2.75 billion.
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The deal marks one of the largest AI-driven drug discovery deals in the industry and reflects a deepening partnership between the two companies that dates back to 2023.
What are the details of the agreement?
Per the terms of the agreement, Lilly is set to receive an exclusive worldwide license to develop, manufacture, and commercialize a portfolio of novel oral therapeutics currently in preclinical development across multiple therapeutic areas.1
The two companies are also expected to collaborate on additional R&D programs built around targets selected by Lilly, combining Insilico's Pharma.AI platform with Lilly's clinical development capabilities and disease-area expertise.
Insilico is eligible to receive $115 million upfront, with development, regulatory, and commercial milestones that could bring the total value to approximately $2.75 billion, plus tiered royalties on future sales.1
How did this partnership develop?
The recent agreement is the culmination of a relationship that began in 2023, when Lilly first licensed Insilico's Pharma.AI software suite. That initial agreement expanded in November 2025 into a research collaboration under which the two companies began jointly discovering and advancing drug candidates against Lilly-selected targets, with Insilico eligible for over $100 million in upfront payments, milestones, and royalties.2 The latest agreement significantly scales that relationship, adding an exclusive worldwide license for a preclinical portfolio and broadening the scope of joint R&D programs.
Andrew Adams, group vice president of molecule discovery at Lilly, said Insilico's AI-enabled discovery capabilities represent a powerful complement to Lilly's expertise across therapeutic areas.