VivoSim Receives $5 Million Milestone Payment from Eli Lilly and Forecasts Over 500% Revenue Growth in FY2027
VivoSim received a $5 million milestone payment from Eli Lilly following the initiation of Phase 2 trials for an inflammatory bowel disease drug candidate previously sold to the pharmaceutical company. The company also projected more than 500% revenue growth in fiscal 2027, driven by increased adoption of its New Approach Methodologies (NAM) contract research services.
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Topics: milestone payment pharmaceutical partnership revenue growth forecast