Eli Lilly in new $2.4 billion deal buys Orna Therapeutics

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Eli Lilly in new $2.4 billion deal buys Orna Therapeutics
Photo: Darron Cummings AP/TT

The American pharmaceutical group Eli Lilly, a major maker of weight-loss drugs, has agreed to acquire the biotechnology company Orna Therapeutics. The deal is worth up to $2.4 billion (approximately SEK 22 billion).

Orna develops treatments that cause the patient's body to generate its own cell therapy against underlying diseases.

Eli Lilly, which is battling Denmark's Novo Nordisk for dominance in the lucrative global market for diet pills, is paying cash. The price of Orna will ultimately be determined by whether the company achieves certain development milestones.

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TT News AgencyT
By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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