other material
confidence high
sentiment positive
materiality 0.65
Lilly to supply additional 150K doses of AbCellera's bebtelovimab for ~$275M
AbCellera Biologics Inc.
- Eli Lilly modified agreement with U.S. government for 150,000 additional doses of bebtelovimab at ~$275M.
- Delivery begins immediately and completes by August 5, 2022; option for 350,000 more doses by Sep 14, 2022.
- Bebtelovimab maintains neutralization against Omicron variants BA.2.12.1 and BA.4/BA.5, plus all known variants.
- Existing supply plus new purchase expected to meet U.S. demand through late August 2022.