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Mergers & Acquisitions

Lilly will acquire Emergence, Sigilon

by Shi En Kim
July 9, 2023 | A version of this story appeared in Volume 101, Issue 22
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Continuing an acquisition spree, Eli Lilly and Company has snapped up its diabetes collaborator Sigilon Therapeutics and the antibody-drug conjugate company Emergence Therapeutics. The pharmaceutical giant will pay as much as $310 million for Sigilon and up to $12 million to the founding investors for Emergence. A week prior, Lilly agreed to buy the small-molecule-​focused start-up Dice Therapeutics in a multibillion-dollar deal.

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