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Expands Lilly’s oncology portfolio into precision medicines with a marketed therapy and a pipeline of potential medicines for genomically defined cancers
January 7, 2019
By: Kristin Brooks
Managing Editor, Contract Pharma
Eli Lilly and Co. and Loxo Oncology, Inc. have entered a definitive agreement for Lilly to acquire Loxo Oncology for approximately $8 billion in cash. Loxo Oncology is a biopharmaceutical company focused on the development and commercialization of highly selective medicines for genomically defined cancers. The acquisition is latest in a series of transactions Lilly has conducted to expand its cancer treatment efforts with externally sourced opportunities for first-in-class therapies. Loxo Onc...
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