Eli Lilly and Co said on Monday it would buy Loxo Oncology Inc for about $8 bill...
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Eli Lilly to Buy Loxo Oncology in Deal It Values at About $8 BillionEli Lilly said it is buying Loxo Oncology for $235 a share—a 68% premium from Friday’s closing price—in cash, a deal that expands the biopharmaceutical company’s oncology-treatment portfolio.
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Eli Lilly to buy Loxo Oncology in $8 billion cancer pushThe pharmaceutical company says it is buying Loxo Oncology for $235 a share in cash, a deal that expands the company’s cancer-treatment portfolio.
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Eli Lilly’s $8 bln cancer deal is a worthy wagerThe drug giant reckons it’ll take years to get a good return on its pricey acquisition of Loxo. But the upstart has had startling success figuring out why rare cancerous mutations occur, rather than where. Longer term, that should make for plenty of targets – and sticky prices.
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Eli Lilly to spend about $8B on Loxo OncologyEli Lilly is spending about $8 billion in cash to buy Loxo Oncology, as the drugmaker bulks up on cancer treatments that target certain gene abnormalities. Loxo Oncology could launch a drug next year and targets an abnormality that occurs in several tumor types, including some lung and...
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Pharma giant Eli Lilly just made an $8 billion bet on a cutting-edge scientific approach that uses DNA to treat cancerEli Lilly's $8 billion acquisition of biotech Loxo Oncology is a notably large deal for Eli Lilly, but it could be done again, its CEO said.
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Eli Lilly CEO: Loxo acquisition can help us treat cancer globally'This is the future of cancer treatment, we believe.' Eli Lilly CEO David Ricks said that Loxo Oncology has 'harnessed the power of emerging science' and that Lilly's acquisition of Loxo can help treat cancer globally.
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The inside story of Eli Lilly's 18-day race to secure an $8 billion deal for a drugmaker that's pioneering a new treatment for cancerEli Lilly's $8 billion bid for Loxo Oncology was negotiated during the 2018 holiday season, so as to make a big splash at a major industry conference.
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Breakingviews TV: Going LoxoEli Lilly is paying a huge premium for the cancer-treating upstart and might not get a return for years. But Antony Currie and Robert Cyran explain that Loxo’s appeal lies in how it looks for what causes cancer, not where it occurs. That could be a...
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