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Eli Lilly to acquire Merida Biosciences for up to $2.88B to boost immunology drug pipeline

Company Fundamentals
31 Aug 2026
Proactive Investors
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Bearish
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Eli Lilly announced it will buy Merida Biosciences for up to $2.88 billion in cash to expand its treatments for immune-related and allergic diseases. Merida's lead drug candidate targets autoimmune disorders like Graves' disease and thyroid eye disease, showing promising early results. The acquisition is part of Lilly's strategy to diversify beyond obesity and diabetes drugs. The deal is expected to close in Q4 2026, with Lilly paying an upfront amount plus milestone-based payments.

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