Arteaus Therapeutics, a biotechnology development company co-founded by Atlas Venture and OrbiMed, sold its royalty interest on future global net sales of Eli Lilly and Company’s (NYSE: LLY) Emgality (galcanezumab), an anti-CGRP antibody for the prevention of migraine, to Royalty Pharma for $260 million.

“Having led the initial clinical proof of concept studies for Emgality, we are thrilled to see its expanding impact on patients suffering from this severely debilitating disease,” said David Grayzel, MD, Co-Founder and Chief Executive Officer of Arteaus and Partner, Atlas Venture. “The commitment of patients, researchers, and our innovative collaboration with Eli Lilly all contributed to accelerate the development of this new approach to migraine treatment.”

Approved applications

EMGALITY (galcanezumab-gnlm) is a calcitonin gene-related peptide (CGRP) antagonist indicated for the preventive treatment of migraine, and for the treatment of episodic cluster headache.

Therapeutic Area

Prevention of Migraine

Acquisition Date

Apr 2019