Public Company Healthcare

Eli Lilly and Company

Indianapolis, Indiana, United States

Eli Lilly and Company is a medicine company using biotechnology, chemistry, and genetic medicine to advance science and address major health challenges.

Focus Areas
Pharmaceuticals, Biotechnology, Genetic medicine
Website
lilly.com

Tracked deals

20

20 tracked deals across 2020-2026.

Recent pace

12

12 tracked deals announced in the last 12 months.

Deal mix

Buyout

19 buyout · 1 growth capital

Eli Lilly and Company Acquisition Volume by Year

Last 5 years

Acquisition volume by year Annual acquisition counts for the last 5 years for Eli Lilly and Company. 2 2020 1 2022 4 2023 1 2024 ~20 est. 12 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

Showing the 12 most recent of 20 tracked deals for Eli Lilly and Company.

  • Buyer
    Eli Lilly and Company
    Target
    AtaiBeckley Inc.
    Industry
    Biotechnology
    Type
    Buyout

    Eli Lilly and Company has signed a definitive agreement to acquire AtaiBeckley, a clinical-stage biopharmaceutical company focused on rapid-acting mental health therapies. The upfront consideration is $6.75 per share in cash (aggregate equity value of about $2.8 billion) plus up to $2.50 per share via contingent value rights tied to development and regulatory milestones.

  • Buyer
    Eli Lilly and Company
    Target
    4E Therapeutics, Inc.
    Industry
    Pharmaceuticals
    Type
    Buyout

    Eli Lilly and Company acquired Austin-based neuroscience company 4E Therapeutics to advance its non-opioid chronic pain pipeline. 4E is developing orally available MNK inhibitors targeting the MNK-eIF4E signaling pathway in peripheral sensory neurons, including lead candidate 4ET1103 that entered human Phase 1 trials with a favorable safety profile.

  • Buyer
    Eli Lilly and Company
    Target
    Vaccine Company, Inc.
    Industry
    Biotechnology
    Type
    Buyout

    Vaccine Company, Inc. announced it has entered into a definitive agreement to be acquired by Eli Lilly and Company in a deal valued at up to $1.55 billion, including upfront and milestone-based payments. The acquisition is intended to accelerate development of Vaccine Company’s next-generation in vivo nanoparticle (IVN) vaccine platform, led by a Phase 1-ready Epstein-Barr virus (EBV) vaccine candidate targeting infectious mononucleosis and longer-term EBV-linked diseases.

  • Buyer
    Eli Lilly and Company
    Target
    Curevo Vaccine (Curevo), LimmaTech Biologics AG (LimmaTech Biologics)
    Industry
    Pharmaceuticals
    Location
    Switzerland
    Type
    Buyout

    Eli Lilly entered definitive agreements to acquire Curevo Vaccine and LimmaTech Biologics as part of a broader expansion of its infectious disease R&D platform. Lilly will acquire Curevo for up to $1.5 billion and LimmaTech Biologics for up to $780 million, with upfront and additional milestone-based payments.

  • Buyer
    Eli Lilly and Company
    Target
    Engage Biologics Inc.
    Industry
    Biotechnology
    Type
    Buyout

    Eli Lilly and Company has acquired Engage Biologics in a deal valued at up to $202 million in cash, including an upfront payment and milestone-based payments. The acquisition is intended to strengthen Lilly’s genetic medicines capabilities by integrating Engage’s non-viral DNA delivery Tethosome platform with Lilly’s broader development portfolio.

  • Buyer
    Eli Lilly
    Target
    Profluent
    Industry
    Biotechnology

    Air Street Capital portfolio company Profluent announced a multi-program strategic partnership with Eli Lilly to develop AI-designed recombinases for genetic medicine. Profluent will receive an upfront payment, committed R&D funding, and is eligible for up to $2.25 billion in development and commercial milestones, plus tiered royalties on net sales.

  • Buyer
    Eli Lilly and Company
    Target
    Ajax Therapeutics, Inc.
    Industry
    Pharmaceuticals
    Type
    Buyout

    Eli Lilly and Company announced a definitive agreement to acquire Ajax Therapeutics, Inc. in a deal valued at up to $2.3 billion, including upfront and milestone-based payments. The acquisition is intended to expand Lilly’s oncology pipeline with Ajax’s lead candidate, AJ1-11095, a Type II JAK2 inhibitor in Phase 1 development for myelofibrosis, including patients previously treated with Type I JAK2 inhibitors.

  • Buyer
    Eli Lilly and Company, Eli Lilly
    Target
    Kelonia Therapeutics
    Industry
    Biotechnology
    Type
    Buyout

    Eli Lilly has announced a definitive agreement to acquire Kelonia Therapeutics, a clinical-stage biotechnology company developing in vivo CAR-T cell therapy via its proprietary gene delivery platform. The deal is valued at up to $7 billion, including a $3.25 billion upfront payment, with additional clinical, regulatory, and commercial milestone payments. Closing is expected in the second half of 2026, subject to customary approvals.

  • Buyer
    Eli Lilly and Company
    Target
    CrossBridge Bio
    Industry
    Biotechnology
    Type
    Buyout

    Eli Lilly and Company has entered into a definitive agreement to acquire CrossBridge Bio, a Houston-based pre-clinical biotechnology company developing next-generation dual-payload antibody-drug conjugates (ADCs). The deal provides for up to $300 million in total consideration, including upfront and milestone-based payments, to advance CrossBridge Bio’s TROP2-targeting TOP1i/ATRi ADC platform led by CBB-120.

  • Buyer
    Eli Lilly and Company
    Target
    Centessa Pharmaceuticals plc
    Seller
    a group of shareholders
    Industry
    Biotechnology
    Location
    United Kingdom
    Type
    Buyout

    Eli Lilly and Company entered into a definitive agreement to acquire clinical-stage biopharma Centessa Pharmaceuticals plc for $38.00 per share in cash, plus a non-transferrable contingent value right (CVR) that could bring total consideration to up to $47.00 per share. The deal is structured as a scheme of arrangement under the laws of England and Wales and was expected to close in Q3 2026, subject to shareholder and regulatory approvals and court sanction.

  • Buyer
    Eli Lilly and Company
    Target
    Orna Therapeutics
    Industry
    Biotechnology
    Type
    Buyout

    Eli Lilly and Company has signed a definitive agreement to acquire Orna Therapeutics, valuing the deal at up to $2.4 billion. The acquisition is intended to expand Lilly’s genetic medicine and in vivo cell engineering capabilities, particularly for advancing in vivo CAR-T therapies using Orna’s circular RNA and lipid nanoparticle (LNP) platform.

  • Buyer
    Eli Lilly and Company
    Target
    Ventyx Biosciences
    Seller
    Entities affiliated with New Science Ventures, Ventyx directors and officers (including through voting/support agreements)
    Industry
    Pharmaceuticals
    Type
    Buyout

    Eli Lilly and Company has entered into a definitive agreement to acquire Ventyx Biosciences for approximately $1.2 billion. The deal values Ventyx at $14.00 per share in cash and is expected to close in the first half of 2026, subject to shareholder and regulatory approvals.

Related Acquisition Pages

Selling a company? Get in front of buyers like Eli Lilly and Company

Turn tracked acquisition activity into an outreach-ready buyer list.