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Eli Lilly to acquire CrossBridge Bio for ADC innovation

PUBLIC · LLYApr 14, 2026

Acquiring Company

Eli Lilly and Company

Acquired Company

CrossBridge Bio

IndianapolisHoustonManufacturingBiotechnologyHealth CareMedicalPharmaceuticalBiotechnologyHealth CareTherapeutics

Description

Eli Lilly and Company has entered into a definitive agreement to acquire CrossBridge Bio, Inc., a biotechnology firm focused on dual-payload antibody-drug conjugates. The transaction could total up to $300 million, depending on development milestones. This acquisition will advance Lilly's capabilities in cancer therapeutics, particularly with CrossBridge's lead candidate, CBB-120. The deal is expected to strengthen efforts in improving patient treatment options.

Quick answer

Eli Lilly and Company is acquiring CrossBridge Bio, announced April 14, 2026. Eli Lilly and Company is based in Indianapolis, Indiana, United States.

How much did Eli Lilly and Company pay for CrossBridge Bio?
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 CrossBridge Bio based?
Eli Lilly and Company is based in Indianapolis, Indiana, United States. CrossBridge Bio is based in Houston, Texas, 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 CrossBridge Bio?

CrossBridge Bio was acquired by Eli Lilly and Company, based in Indianapolis. The deal was reported on April 14, 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 CrossBridge Bio?

Eli Lilly and Company's acquisition of CrossBridge Bio was reported on April 14, 2026. Eli Lilly and Company has entered into a definitive agreement to acquire CrossBridge Bio, Inc., a biotechnology firm focused on dual-payload antibody-drug conjugates. The transaction could total up to $300 million, depending on development milestones. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does CrossBridge Bio do?

CrossBridge Bio is pioneering an approach to deliver the next generation of stable antibody-drug conjugates (ADC) therapeutics that carry dual payloads as targeted treatments for a range of challenging cancers. Leveraging technology from the labs of Dr. It is privately held, operating in Biotechnology, and is based in Houston.

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