Published 2 years ago

Eli Lilly to buy genetic medicine developer Akouos for $487 million

Summary by Ground News

Eli Lilly to buy gene therapy company Akouos for $487 million. J&J results beat estimates on cancer drug strength. Bill & Melinda Gates Foundation pledges $1.2 billion to eradicate polio. U.S. nears record poultry deaths from bird flu; virus type complicates fight.

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Reuters

Eli Lilly to buy genetic medicine developer Akouos for $487 million

Drugmaker Eli Lilly and Co will acquire genetic medicine developer Akouos Inc in a cash deal worth about $487 million. Lilly will also pay Akouos' shareholders an additional amount contingent on certain events related to its trials, which will take the total size of the deal to up to $610 million. (This story has corrected paragraph 2 to say the deal would be valued at $610 million

2 years ago·United Kingdom

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The Business Journals

Eli Lilly to acquire hearing loss startup for up to $618M

Eli Lilly & Co. is scooping up a local gene-editing startup at a 121% premium.

2 years ago·United States

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OAN

Eli Lilly to buy gene therapy company Akouos for $487 million

(Reuters) -Eli Lilly and Co will acquire genetic medicine developer Akouos Inc for about $487 million in cash as the drugmaker aims to bolster its arsenal of gene therapies that target a range of disabilities.Shares of Akouos, which is developing gene therapies for sensorineural hearing loss, soared 84% to trade 40 cents above Lilly’s offer price of $12.50 before the opening bell.The deal also includes a payment of $3 per share contingent on cer…

2 years ago·San Diego, United States

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Devdiscourse

Health News Roundup: Serum Institute to produce Ebola vaccine for use in Uganda outbreak; Eli Lilly to buy gene therapy company Akouos for $487 million and more

"We estimated that 1.64% of women who never used hair straighteners would go on to develop uterine cancer by the age of 70, but for frequent users, that risk goes up to 4.05%," study leader Alexandra White of the U.S. National Institute of Environmental Health Safety (NIEHS) said in a statement. Addiction drug shows promise lifting long COVID brain fog, fatigue Lauren Nichols, a 34-year-old logistics expert for the U.S. Department of Transport…

2 years ago

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MarketWatch

Eli Lilly to acquire Akouos for up to about $610 million and develop gene therapies for hearing loss

Eli Lilly and Co. undefined said Tuesday it has entered an agreement to acquire Akouos Inc. undefined, a company developing a portfolio of viral gene...

2 years ago·United States

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