Lilly To Acquire Versanis For Up To $1.925B In Cash
Portfolio Pulse from Benzinga Newsdesk
Eli Lilly and Company (LLY) has announced plans to acquire Versanis for $1.925 billion in cash. The acquisition is expected to strengthen Lilly's position in the pharmaceutical industry.
July 14, 2023 | 12:01 pm
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Eli Lilly's acquisition of Versanis for $1.925 billion in cash could strengthen its position in the pharmaceutical industry.
The acquisition of Versanis by Eli Lilly is a significant move that could bolster its position in the pharmaceutical industry. This could potentially lead to increased revenues and market share for Lilly, which may positively impact its stock price in the short term.
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