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Eli Lilly to acquire Ajax Therapeutics for $2.3B

PUBLIC · LLYApr 27, 2026

Acquiring Company

Eli Lilly and Company

Acquired Company

Ajax Therapeutics, Inc.

IndianapolisNew YorkManufacturingBiotechnologyHealth CareMedicalPharmaceuticalOtherBiotechnologyHealth CareTherapeuticsPharmaceuticalBiopharma

Description

Eli Lilly is acquiring Ajax Therapeutics for up to $2.3 billion, marking its third oncology deal in three weeks. This acquisition focuses on Ajax's lead program AJ1-11095, a promising treatment for rare blood cancers. The deal will enhance Lilly's portfolio in hematology and oncology, expanding its presence in blood-based cancers. The acquisition includes milestone payments alongside an undisclosed upfront payment.

Quick answer

Eli Lilly and Company is acquiring Ajax Therapeutics, Inc. for $2.3 billion, announced April 27, 2026. Eli Lilly and Company is based in Indianapolis, Indiana, United States.

Who acquired Ajax Therapeutics, Inc?
Eli Lilly and Company agreed to acquire Ajax Therapeutics, Inc. on April 27, 2026.
How much did Eli Lilly and Company pay for Ajax Therapeutics, Inc?
The reported deal value is $2.3 billion.
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 Ajax Therapeutics, Inc. based?
Eli Lilly and Company is based in Indianapolis, Indiana, United States. Ajax Therapeutics, Inc. is based in New York, New York, 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.

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Company Information

Company

Eli Lilly and Company

Location

Indianapolis, Indiana, United States

About

Lilly is a medicine company turning science into healing to make life better for people around the world. They have been pioneering life-changing discoveries for nearly 150 years, and today their medicines help more than 51 million people across the globe. Lilly is focused on redefining diabetes care, treating obesity, advancing the fight against Alzheimer's disease, providing solutions to immune system disorders, and transforming difficult-to-treat cancers into manageable diseases. To learn more, visit Lilly.com and Lilly.com/news, or follow them on Facebook, Instagram and LinkedIn.

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Frequently asked

Who acquired Ajax Therapeutics, Inc.?

Ajax Therapeutics, Inc. was acquired by Eli Lilly and Company, based in Indianapolis. The deal was reported on April 27, 2026. 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 Ajax Therapeutics, Inc.?

Eli Lilly and Company's acquisition of Ajax Therapeutics, Inc. was reported on April 27, 2026. Eli Lilly is acquiring Ajax Therapeutics for up to $2.3 billion, marking its third oncology deal in three weeks. This acquisition focuses on Ajax's lead program AJ1-11095, a promising treatment for rare blood cancers. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Ajax Therapeutics, Inc. do?

Ajax Therapeutics, Inc. is pursuing uniquely selective approaches to develop novel next generation therapies for myeloproliferative neoplasms (MPNs), including myelofibrosis. It is privately held, operating in Other, and is based in New York.

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