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Eli Lilly completes acquisition of Centessa Pharmaceuticals to advance sleep disorder treatments.

Company Fundamentals
24 Jun 2026
PRNewsWire
View Source
Bullish
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Eli Lilly has finalized its acquisition of Centessa Pharmaceuticals, a company developing orexin receptor 2 agonists for narcolepsy and other sleep-wake disorders. This acquisition strengthens Lilly's neuroscience portfolio, aiming to address severe sleep disruptions that impact brain health and quality of life. Lilly plans to rapidly develop Centessa's clinical-stage treatments, potentially expanding options for patients with narcolepsy and related conditions. The move aligns with Lilly's broader mission to innovate in challenging medical areas and improve patient outcomes globally.

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

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