M&A Deal Summary

Lilly Acquires Merck KGaA - 5-HT2 Novel Compound

On October 27, 2004, Lilly acquired life science company Merck KGaA - 5-HT2 Novel Compound from Merck for 23M EUR

Acquisition Highlights
  • This is Lilly’s 2nd transaction in the Life Science sector.
  • This is Lilly’s 21st largest (disclosed) transaction.
  • This is Lilly’s 1st transaction in Germany.

M&A Deal Summary

Date 2004-10-27
Target Merck KGaA - 5-HT2 Novel Compound
Sector Life Science
Buyer(s) Lilly
Sellers(s) Merck
Deal Type Divestiture
Deal Value 23M EUR

Target

Merck KGaA - 5-HT2 Novel Compound

Germany
Merck KGaA - 5-HT2 Novel Compound is a antagonist compound EMD 281014, a potential breakthrough treatment for insomnia. EMD 281014 is currently in Phase 1 clinical trials. Insomnia affects more than 164 million people worldwide, including more than 49 million with chronic insomnia.

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Buyer(S) 1

Buyer

Lilly

Indianapolis, Indiana, United States

Category Company
Founded 1876
Sector Life Science
Employees43,000
Revenue 45.0B USD (2024)
DESCRIPTION
Entrance to Eli Lilly's campus in Indianapolis, Indiana.
Entrance to Eli Lilly's campus in Indianapolis, Indiana.

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 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. The company's animal health business, operating through its Elanco division, develops, manufactures, and markets products for both food animals and companion animals. The company 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.


DEAL STATS #
Overall 8 of 38
Sector: Life Science M&A 2 of 31
Type: Divestiture M&A Deals 2 of 7
Country: Germany M&A 1 of 1
Year: 2004 M&A 1 of 1
Size (of disclosed) 21 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-04-06 Kinetra

Nashville, Tennessee, United States

Kinetra LLC is a provider of clinical document distribution solutions and administrative transactions to IDNs, large hospitals and payors.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-17 ICOS

Bothell, Washington, United States

ICOS Corp. a biotechnology company based in Bothell, Washington.

Buy $2.1B

Seller(S) 1

SELLER

Merck

Darmstadt, Germany

Category Company
Founded 1668
Sector Diversified
Employees64,011
Revenue 21.2B EUR (2024)
DESCRIPTION

Merck is a science and technology company in healthcare, life science, and performance materials. It develops technologies that improve and enhance life, from biopharmaceutical therapies to treat cancer or multiple sclerosis, cutting-edge systems for scientific research and production, to liquid crystals for smartphones and LCD televisions. Merck was founded in 1668 and is based in Darmstadt, Germany.


DEAL STATS #
Overall 2 of 8
Sector: Life Science M&A 1 of 4
Type: Divestiture M&A Deals 2 of 8
Country: Germany M&A 1 of 5
Year: 2004 M&A 2 of 2
Size (of disclosed) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-02-16 VWR International

Radnor, Pennsylvania, United States

VWR International LLC is a distributor of products, services and solutions to laboratory and production facilities. VWR enables science for customers in the pharmaceutical, biotechnology, industrial, education, government and healthcare industries.

Sell $1.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-05 Serono S.A.

Darmstadt, Germany

Serono S.A. a biopharmaceutical company, engages in development of prescription medicines of chemical and biological origin in specialist indications.

Buy -