M&A Deal Summary

Lupin Acquires Eli Lilly - Huminsulin

On December 30, 2024, Lupin acquired medical products company Eli Lilly - Huminsulin from Lilly

Acquisition Highlights
  • This is Lupin’s 2nd transaction in the Medical Products sector.
  • This is Lupin’s 5th transaction in the United States.
  • This is Lupin’s 1st transaction in Indiana.

M&A Deal Summary

Date 2024-12-30
Target Eli Lilly - Huminsulin
Sector Medical Products
Buyer(s) Lupin
Sellers(s) Lilly
Deal Type Divestiture

Target

Eli Lilly - Huminsulin

Indianapolis, Indiana, United States
Eli Lilly's Huminsulin range of products is indicated for the treatment of type 1 and type 2 diabetes mellitus to improve blood sugar control in both adults and children.

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Buyer(S) 1

Buyer

Lupin

Mumbai, India

Category Company
Founded 1968
Sector Life Science
Employees24,006
Revenue 221.9B INR (2025)
DESCRIPTION

Lupin is an innovation-led transnational pharmaceutical company producing and developing a wide range of branded & generic formulations, APIs and biotechnology products. Lupin was founded in 1968 and is based in Mumbai, Maharashtra.


DEAL STATS #
Overall 10 of 11
Sector: Medical Products M&A 2 of 2
Type: Divestiture M&A Deals 3 of 3
State: Indiana M&A 1 of 1
Country: United States M&A 5 of 5
Year: 2024 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-15 Lupin s U.S. Commercial Women s Health Specialty Business

Baltimore, Maryland, United States

Lupin's U.S. Commercial Women's Health Specialty Business is focused on commercializing SOLOSEC (secnidazole) 2g oral granules. It is an FDA-approved single-dose antimicrobial agent that provides a complete course of therapy for the treatment of bacterial vaginosis (BV) and trichomoniasis, two common sexual health infections.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-04-02 Renascience Pharma

Luton, United Kingdom

Renascience Pharma is a pharmaceutical company specialising in niche branded products for primary and secondary care. Renascience Pharma is based in Luton, United Kingdom.

Buy -

Seller(S) 1

SELLER

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 10 of 10
Sector: Medical Products M&A 3 of 3
Type: Divestiture M&A Deals 9 of 9
State: Indiana M&A 6 of 6
Country: United States M&A 10 of 10
Year: 2024 M&A 1 of 1
PREVIOUS 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-25 Organovo - FXR program

San Diego, California, United States

Organovo's FXR program focuses on developing treatments for inflammatory bowel disease. Organovo's FXR program is based in San Diego, California.

Buy -