Lilly - M&A Summary and Business Overview

Life ScienceCompany

Lilly M&A Summary

Lilly has acquired 34 companies, including 12 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 9 assets.

Lilly’s largest acquisition to date was in 2019, when it acquired Loxo Oncology for $8.0B. It’s largest disclosed sale occurred in 1998, when it sold PCS Health Systems to Rite Aid for $1.5B. Lilly has acquired in 11 different US states, and 5 countries. The Company’s most targeted sectors include life science (80%) and healthcare services (9%).

Lilly Business Overview

Where is Lilly headquartered?

Lilly is headquartered in Indianapolis, Indiana.

What is Lilly’s revenue?

Lilly disclosed revenue of 34,124M USD for 2023 and 28,541M USD for 2022.

How many employees does Lilly have?

Lilly has 43,000 employees.

What sector is Lilly in?

Lilly is a life science company.

When was Lilly founded?

Lilly was founded in 1876.

M&A Summary

  • M&A Total Activity43
    • M&A Buy Activity34
    • M&A Sell Activity9
  • Total Sectors Invested 4
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 17
  • M&A Advisors 16

Lilly

Eli Lilly and Co.

Lilly Corporate Center,
Indianapolis, Indiana 46285
United States,
(317) 276-2000
www.lilly.com

Lilly discovers, develops, manufactures, and markets products in two business segments—human pharmaceutical products and animal health products. The mission of its human pharmaceutical business is to make medicines that help people live longer, healthier, more active lives. Most of the products Eli Lilly sells were discovered or developed by its own scientists, and the Company's success depends to a great extent on its ability to continue to discover, develop, and bring to market innovative new medicines. Eli Lilly's animal health business, operating through its Elanco division, develops, manufactures, and markets products for both food animals and companion animals. Eli Lilly manufactures and distributes its products through facilities in the US, Puerto Rico, and 11 other countries. Lilly was founded in 1876 and is based in Indianapolis, Indiana.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (2.2/yr) # 23 4 - 1 5 1 34
vol $30.3B $2.1B $610M $2.3B $35.3B
Sell (0.0/yr) # 9 - - - - - 9
vol $2.3B $2.3B
  43

Most Recent M&A

Company Date Value Type
Morphic Therapeutic, Inc. 2024-07-08 - Add-on Acquisition
Waltham, Massachusetts · www.morphictx.com
Point Biopharma Global, Inc. 2023-12-18 - Add-on Acquisition
Indianapolis, Indiana · www.pointbiopharma.com
Mablink Bioscience S.A.S. 2023-10-18 - Add-on Acquisition
Lyon, France · www.mablink.com
Versanis Bio, Inc. 2023-07-14 1.9B USD Add-on Acquisition
New York, New York · www.versanisbio.com
Sigilon Therapeutics, Inc. 2023-06-29 349M EUR Add-on Acquisition
Cambridge, Massachusetts · www.sigilon.com
DICE Therapeutics, inc. 2023-06-20 - Add-on Acquisition
South San Francisco, California · www.dicetherapeutics.com
Akouos, Inc. 2022-10-18 610M USD Add-on Acquisition
Boston, Massachusetts · www.akouos.com
Prevail Therapeutics, Inc. 2020-12-15 880M USD Add-on Acquisition
New York, New York · www.prevailtherapeutics.com
Disarm Therapeutics 2020-10-15 135M USD Add-on Acquisition
Cambridge, Massachusetts · www.disarmtx.com
Dermira, Inc. 2020-01-10 1.1B USD Add-on Acquisition
Menlo Park, California · www.dermira.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Elanco Animal Health, Inc.    - Elanco Animal Health - Aqua Business 2024-02-05 3
Greenfield, Indiana · www.elanco.com Greenfield, Indiana
Elanco Animal Health, Inc.    - Elanco Animal Health, Inc. - StandGuard 2020-07-16 2
Greenfield, Indiana · www.elanco.com Greenfield, Indiana
Elanco Animal Health, Inc.    - Elanco Animal Health, Inc. - Capstar 2020-01-13 1
Greenfield, Indiana · www.elanco.com Greenfield, Indiana
Elanco Animal Health, Inc.    - Bayer AG - Animal Health Business 2019-08-20 11
Greenfield, Indiana · www.elanco.com Leverkusen, Germany
Arteaus Therapeutics LLC    - Arteaus Therapeutics LLC - Emgality Royalty 2019-04-01 1
Cambridge, Massachusetts Cambridge, Massachusetts
Elanco Animal Health, Inc.    - Boehringer Ingelheim Vetmedica, Inc. - U.S. Feline, Canine and Rabies Vaccines 2016-10-05 10
Greenfield, Indiana · www.elanco.com St. Joseph, Montana
Elanco Animal Health, Inc.    - Janssen Pharmaceuticals - Animal Health Business 2011-03-14 9
Greenfield, Indiana · www.elanco.com Beerse, Belgium
Elanco Animal Health, Inc.    - Monsanto Co - Posila Dairy Business 2008-08-20 8
Greenfield, Indiana · www.elanco.com , United States
Elanco Animal Health, Inc.    - Posilac(R) 2008-08-20 7
Greenfield, Indiana · www.elanco.com , United States

M&A by Sector

Sector Buy # Value Sell # Value
Life Science 27 (79%) 30.9B (88%) 3 (33%) 410M (18%)
Medical Products 3 (9%) - 2 (22%) 375M (16%)
Healthcare Services 3 (9%) 4.4B (12%) 1 (11%) 1.5B (64%)
Technology Hardware 1 (3%) - 1 (11%) 4M (< 1%)
Distribution - - 1 (11%) -
Test/Measurement Equipment - - 1 (11%) 50M (2%)
Total 34 $35.3B 9 $2.3B

By Geo

State/Country Buy Value Sell Value
United States 29 29.7B 9 2.3B
  California 10 3.1B 1 4M
  Massachusetts 8 2.5B - -
  Indiana 1 - 5 835M
  Washington 2 2.1B 1 -
  New York 2 2.8B - -
  Arizona 1 4.4B 1 1.5B
  Pennsylvania 1 300M - -
  New Jersey 1 6.5B - -
  Kansas 1 - - -
  Connecticut 1 8.0B - -
  Tennessee - - 1 -
Canada 2 110M - -
  Quebec 2 110M - -
France 1 - - -
Germany 1 25M - -
Switzerland 1 5.4B - -
Domestic 29 (85%) 29.7B (84%) 9 (100%) 2.3B (100%)
Cross-border 5 (15%) 5.5B (16%) - -
Total 34 $35.3B 9 $2.3B

Top M&A Advisors

Financial Deals
Deutsche Bank Corporate & Investment Banking
 2
Credit Suisse Investment Banking
 1
BofA Securities
 1
Legal Deals
Weil Gotshal & Manges
 5
Kirkland & Ellis
 3
Latham & Watkins
 1

Deal Values

buy # Total
> $1B 8 $31.0B
$100M to $1B 10 $4.1B
< $100M 2 $89M
TOTAL $35.3B
Largest Loxo Oncology, Inc.
$8.0B (2019-01-07)
sell # Total
> $1B 1 $1.5B
$100M to $1B 2 $785M
< $100M 2 $54M
TOTAL $2.3B
Largest PCS Health Systems Inc.
$1.5B (1998-11-18)

M&A Connections

Deals
Acquired from
Investor(s)
6%
2 (6%)
Strategic(s)
21%
7 (21%)
Divested to
Investor(s)
11%
1 (11%)
Strategic(s)
78%
7 (78%)

Company Summary

SECTOR

Life Science

Revenue

34,124   20% 2023
28,541   1% 2022
28,318   16% 2021
24,540   10% 2020
22,320   10% 2019
24,556   8% 2018
22,871   8% 2017
21,222   7% 2016
19,959   2% 2015
19,616   16% 2014
23,113   3% 2013
22,603   2012
(millions of USD) Show More Show Less

Employees

43,000

Established

1876

Public

NYSE: LLY

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