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Lilly's $7.8B acquisition of Centessa approved by UK High Court, closing expected June 24, 2026.

Company Fundamentals
22 Jun 2026
GlobeNewsWire
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Bullish
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The High Court of Justice of England and Wales has approved Eli Lilly's acquisition of Centessa Pharmaceuticals for $38 per share plus potential milestone payments, valuing the deal at about $7.8 billion. The transaction will close on June 24, 2026, after which Centessa's shares will stop trading on Nasdaq. This acquisition allows Lilly to expand its portfolio with Centessa's clinical-stage treatments targeting neurological conditions like excessive daytime sleepiness. The deal is structured as a court-sanctioned scheme of arrangement under English law and includes contingent value rights tied to milestone achievements.

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