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Mergers & Acquisitions

Lilly buys Versanis, adds potential fat-loss asset for nearly $2 billion

by Gina Vitale
July 23, 2023 | A version of this story appeared in Volume 101, Issue 24
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Eli Lilly and Company has agreed to buy Versanis Bio, a drug developer focused on cardiometabolic diseases and “obesity,” for up to $1.925 billion, including an up-front payment and milestone payments. Versanis says its lead candidate is a monoclonal antibody that is being tested in adults who are “overweight” or “obese.” Lilly says it also aiming to market its diabetes drug tirzepatide to adults with “obesity”, or who are “overweight with weight-related comorbidities.”

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