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Eli Lilly to acquire Kelonia Therapeutics for up to $7B to boost genetic medicine with CAR-T cell therapy.

Company Fundamentals
20 Apr 2026
Proactive Investors
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Bullish
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Eli Lilly announced its agreement to acquire Kelonia Therapeutics, a clinical-stage biotech firm, to enhance its genetic medicine capabilities. The acquisition focuses on Kelonia's iGPS platform, which modifies T-cells inside the body to produce CAR-T cells without complex manufacturing. Kelonia's lead therapy, KLN-1010, is in Phase 1 trials for multiple myeloma, showing promising early results. The deal includes up to $7 billion in cash payments and is expected to close in the second half of 2026, supporting Lilly's expansion into innovative cell therapies.

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