Add-on Acquisition • Life Science

Lilly Acquires Verve Therapeutics

On June 17, 2025, Lilly acquired life science company Verve Therapeutics for 1.3B USD

Acquisition Context
  • This is Lilly’s 30th transaction in the Life Science sector.
  • This is Lilly’s 8th largest (disclosed) transaction.
  • This is Lilly’s 32nd transaction in the United States.
  • This is Lilly’s 9th transaction in Massachusetts.

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M&A Deal Summary

Date June 17, 2025
Target Verve Therapeutics
Sector Life Science
Buyer(s) Lilly
Deal Type Add-on Acquisition
Deal Value 1.3B USD
Advisor(s) Centerview Partners
Guggenheim Securities (Financial)
Paul, Weiss, Rifkind, Wharton & Garrison (Legal)

Target Company

Verve Therapeutics

Cambridge, Massachusetts, United States
Verve Therapeutics is a genetic medicines company, engages in developing gene editing medicines for patients to treat cardiovascular diseases. Its lead product candidate is VERVE-101, a single-course gene editing treatment that permanently turns off the PCSK9 gene in the liver. Verve Therapeutics was founded in 2018 and is based in Cambridge, Massachusetts.
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Buyer Overview 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 Context for Buyer #
Overall 37 of 38
Sector: Life Science 30 of 31
Type: Add-on Acquisition 29 of 30
State: Massachusetts 9 of 9
Country: United States 32 of 33
Year: 2025 3 of 4
Size (of disclosed) 8 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-27 SiteOne Therapeutics

South San Francisco, California, United States

SiteOne Therapeutics is a clinical-stage biopharmaceutical company advancing a novel class of highly selective small-molecule inhibitors targeting Nav1.7, Nav1.8, and other ion channels to treat pain, cough, and other conditions involving hyperexcitability of the peripheral nervous system. SiteOne Therapeutics is based in South San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-10-24 Adverum

Redwood City, California, United States

Adverum is a clinical-stage biotechnology company focused on discovering and developing novel gene therapies to transform the lives of patients with sight-threatening ophthalmic diseases. Adverum Biotechnologies was founded in 2006 and is based in Redwood City, California.

Buy -