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Arctoris completes acquisition of Eli Lilly ‘Life Science Studio’ laboratory to expand its automated drug discovery platform

Sep 12, 2024over 1 year ago

Acquiring Company

Arctoris

Acquired Company

Eli Lilly Biopharmaceuticals

OxfordIndianapolisBiotechnologyBiotechnology

Description

Arctoris has acquired the majority of Eli Lilly’s San Diego-based Lilly Life Sciences Studio’ laboratory, significantly expanding its research facilities and increasing the capacity to conduct multiple experiments simultaneously. This acquisition is expected to streamline R&D project timelines and address reproducibility and data ambiguity issues associated with traditional laboratory approaches.

Company Information

Company

Arctoris

Location

Oxford, England, United Kingdom

About

Arctoris is a leading contract research organisation (CRO) advancing drug discovery experimentation through its unique automated laboratory and data science platform, Ulysses™. The company aims to deliver high-quality, sustainable drug discovery solutions and services to its clients.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed