- Eli Lilly ( NYSE: LLY ) announced that the FDA had updated the authorization granted for its COVID-19 antibody therapy bebtelovimab allowing its commercial availability from next week through the drug distributor AmerisourceBergen ( ABC ).
- Per the previous authorization, the U.S. government controlled the domestic distribution of bebtelovimab.
- According to the company, with the updated clearance, bebtelovimab will be commercially available for states/territories, hospitals, and other healthcare providers from Aug. 15.
- Lilly ( LLY ) has selected AmerisourceBergen Specialty Distribution as the sole distributor for the rollout.
- A monoclonal antibody, bebtelovimab, was discovered by AbCellera Biologics ( ABCL ), which later licensed it to Lilly ( LLY ) for further studies.
- Recently, the U.S. agreed to procure extra 150K doses of bebtelovimab for approximately $275M under a modified purchase agreement with the company.
For further details see:
Lilly picks AmerisourceBergen for U.S. commercial rollout of COVID-19 antibody therapy