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Lilly Completes $34.6M Acquisition of Sigilon Therapeutics

Lilly to continue development of encapsulated cell therapies, including SIG-002 for the treatment of type 1 diabetes.

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By: Kristin Brooks

Managing Editor, Contract Pharma

Lilly has completed the acquisition of Sigilon Therapeutics, Inc., a biopharmaceutical company working to develop functional cures for a broad range of acute and chronic diseases, for approximately $34.6 million.   Since 2018, Lilly and Sigilon have worked together to develop encapsulated cell therapies, including SIG-002, for the treatment of type 1 diabetes. The goal of these therapies is to free patients from constant disease management by sensing blood glucose levels, restoring insulin...

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