Lilly Completes Acquisition of Morphic to Improve Outcomes and Expand Options for People Living with Inflammatory Bowel Disease
Acquiring Company
Eli Lilly and Company
Acquired Company
Morphic Therapeutic
IndianapolisWalthamManufacturingBiotechnologyHealth CareMedicalPharmaceuticalBiotechnologyTherapeuticsBiopharmaDescription
Eli Lilly and Company has successfully completed the acquisition of Morphic Holding, Inc. This acquisition broadens Lilly's immunology pipeline, reinforcing the company's strategy of delivering potential first or best-in-class therapies in the field of gastroenterology. With the addition of Morphic's oral integrin therapies, including MORF-057, Lilly aims to improve outcomes and expand treatment options for people living with inflammatory bowel disease.
Quick answer
Eli Lilly and Company is acquiring Morphic Therapeutic, announced August 16, 2024. Eli Lilly and Company is based in Indianapolis, Indiana, United States.
- How much did Eli Lilly and Company pay for Morphic Therapeutic?
- The deal value was not disclosed.
- What does Eli Lilly and Company do?
- Lilly is a medicine company turning science into healing to make life better for people around the world.
- Where are Eli Lilly and Company and Morphic Therapeutic based?
- Eli Lilly and Company is based in Indianapolis, Indiana, United States. Morphic Therapeutic is based in Waltham, Massachusetts, United States.
- Who are the decision-makers at Eli Lilly and Company?
- Fundz holds 5 contacts at Eli Lilly and Company. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Other recent acquisitions in Medical and Pharmaceutical
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- Eli Lilly and Company completes $3.2 Billion Acquisition of Morphic Holding, Boosting Its IBD Pipeline, $3.2B (August 27, 2024)
- AA Medical completes acquisition of Surgical Product Solutions, forming strategic partnership (July 11, 2024)
- Lilly completes acquisition of Morphic to enhance immunology pipeline (July 8, 2024)
- Eli Lilly acquires Morphic Holding for $3.2B, focusing on IBD treatment opportunities, $3.2B (July 8, 2024)
- Breeze Holdings Acquisition Corp. to merge with YD Biopharma Limited to revolutionize cancer prevention diagnostics (September 25, 2024)
- Edwards Lifesciences Completes Acquisitions of JenaValve Technology and Endotronix (July 24, 2024)
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Frequently asked
Who acquired Morphic Therapeutic?
Morphic Therapeutic was acquired by Eli Lilly and Company, based in Indianapolis. The deal was reported on August 16, 2024. Lilly is a medicine company turning science into healing to make life better for people around the world. Eli Lilly and Company is publicly traded (LLY) and operates in Manufacturing.
When did Eli Lilly and Company acquire Morphic Therapeutic?
Eli Lilly and Company's acquisition of Morphic Therapeutic was reported on August 16, 2024. Eli Lilly and Company has successfully completed the acquisition of Morphic Holding, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Morphic Therapeutic do?
Morphic Therapeutic is a biopharmaceutical company developing a new generation of oral integrin therapies for the treatment of serious chronic diseases. It is privately held, operating in Biotechnology, and is based in Waltham.
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