08.07.2024 12:54:01 - dpa-AFX: Lilly To Acquire Morphic In Approx. $3.2 Bln Deal
INDIANAPOLIS (dpa-AFX) - Eli Lilly and Company (LLY) and Morphic Holding
(MORF) announced a definitive agreement for Lilly to acquire Morphic, a
biopharmaceutical company developing oral integrin therapies for treatment of
serious chronic diseases. Lilly will commence a tender offer to acquire all
outstanding shares of Morphic for a purchase price of $57 per share in cash or
an aggregate of approximately $3.2 billion.
Morphic is a biopharmaceutical company developing a portfolio of oral integrin
therapies for the treatment of serious chronic diseases, including autoimmune,
cardiovascular, and metabolic diseases, fibrosis, and cancer.
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