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flag Innovent and Eli Lilly launch global oncology and immunology collaboration with $350M upfront and up to $8.5B in milestones.

flag Innovent Biologics and Eli Lilly & Company announced a global collaboration on February 8, 2026, to develop new oncology and immunology treatments, their seventh partnership. flag Innovent will lead early development in China, while Lilly gains exclusive rights to develop and commercialize candidates worldwide outside Greater China. flag Innovent receives a $350 million upfront payment and potential up to $8.5 billion in milestone payments, plus royalties outside Greater China. flag The deal leverages Innovent’s antibody platforms and Lilly’s global reach, supporting Innovent’s mission to deliver affordable biopharmaceuticals.

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