Eli Lilly Inks $856M Deal with Gate Bioscience for Novel Small-Molecule Drug Class
Eli Lilly has entered into a significant partnership with California-based biotech Gate Bioscience, potentially worth up to $856 million, to develop a new class of small-molecule drugs. The collaboration, announced on July 24, 2025, aims to leverage Gate's proprietary discovery engine to identify and develop "molecular gates" - selective small-molecule drugs designed to eradicate harmful extracellular proteins.