Eli Lilly to Buy Cell Therapy Company Orna for $2.4 Billion
تحليل معلومات السوق
مدعوم بالذكاء الاصطناعيEli Lilly's acquisition of Orna Therapeutics for $2.4 billion is expected to boost its presence in the biotechnology sector, particularly in RNA drug development.
Market impact analysis based on bullish sentiment with 90% confidence.
سياق المقال
Eli Lilly shares rose Monday after the Mounjaro maker said it had agreed to acquire biotechnology company Orna Therapeutics for $2.4 billion in cash. The deal value comprises an upfront payment and subsequent payments upon the achievement of clinical development milestones, Lilly said on Monday. Orna Therapeutics develops RNA drugs targeting cancers, genetic disorders, and other chronic conditions.
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