Eli Lilly & Co. (LLY) Acquires Rights to Locemia's Intranasal Glucago
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Lilly Acquires Phase III Intranasal Glucagon from Locemia Solutions
October 9, 2015 4:00 PM EDTINDIANAPOLIS, Oct. 9, 2015 /PRNewswire/ --Â Eli Lilly and Company (NYSE: LLY) and Locemia Solutions today announced Lilly has acquired worldwide rights to Locemia's intranasal glucagon, a potential treatment for severe hypoglycemia in people with diabetes treated with insulin. Intranasal glucagon, which is currently in Phase III clinical trial testing, could be the first needle-free rescue treatment for severe hypoglycemia.
Intranasal glucagon uses a proprietary glucagon nasal powder formulation that is delivered in an emergency situation using a single-use, ready-to-use device. The caregiver presses a small... More
