Eli Lilly Acquires DICE Therapeutics
June 20, 2023
Eli Lilly agreed to acquire DICE Therapeutics for $48 per share (approximately $2.4 billion) in an all-cash tender offer to bolster Lilly's immunology pipeline and leverage DICE's DELSCAPE small-molecule discovery platform and oral IL-17 inhibitor programs. The transaction, approved by both boards, is expected to close in Q3 2023 subject to customary conditions and antitrust clearance.
- Buyers
- Eli Lilly and Company
- Targets
- DICE Therapeutics, Inc.
- Sellers
- DICE Therapeutics stockholders
- Industry
- Biotechnology
- Location
- California, United States
- Transaction Type
- Buyout
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