M&A Deal Summary

Lilly Acquires Point Biopharma Global

On December 18, 2023, Lilly acquired life science company Point Biopharma Global

Acquisition Highlights
  • This is Lilly’s 26th transaction in the Life Science sector.
  • This is Lilly’s 28th transaction in the United States.
  • This is Lilly’s 1st transaction in Indiana.

M&A Deal Summary

Date 2023-12-18
Target Point Biopharma Global
Sector Life Science
Buyer(s) Lilly
Deal Type Add-on Acquisition

Target

Point Biopharma Global

Indianapolis, Indiana, United States
Point Biopharma Global is a radiopharmaceutical company with a pipeline of clinical and preclinical-stage radioligand therapies in development for the treatment of cancer. Point Biopharma Global is based in Indianapolis, Indiana.

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Buyer(S) 1

Buyer

Lilly

Indianapolis, Indiana, United States

Category Company
Founded 1876
Sector Life Science
Employees43,000
Revenue 34.1B USD (2023)
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 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.


DEAL STATS #
Overall 33 of 34
Sector (Life Science) 26 of 27
Type (Add-on Acquisition) 26 of 27
State (Indiana) 1 of 1
Country (United States) 28 of 29
Year (2023) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-18 Mablink

Lyon, France

Mablink is a biotechnology company developing the next generation of an emerging class of cancer drugs called antibody-drug conjugates (ADCs). Mablink’s patented hydrophilic drug-linker technology, PSARLink™, enables the design of homogeneous, plasma- stable, next generation ADCs with high DAR (drug-to-antibody ratio) while maintaining excellent pharmacological properties and tolerability. Mablink was founded in 2018 and is based in Lyon, France.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-08 Morphic

Waltham, Massachusetts, United States

Morphic is a biopharmaceutical company developing a portfolio of oral integrin therapies for treating serious chronic diseases, including autoimmune, cardiovascular, and metabolic diseases, fibrosis, and cancer. The company is also advancing its pipeline and discovery activities in collaboration with Schrödinger using its proprietary MInT technology platform that leverages Morphic's unique understanding of integrin structure and biology. Morphic is based in Waltham, Massachusetts.

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