Eli Lilly to buy cancer drug developer Scorpion Therapeutics for $2.5 bln
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Eli Lilly announced its acquisition of Scorpion Therapeutics, a cancer drug developer, for $2.5 billion in cash. This move is part of Eli Lilly's strategy to expand its oncology portfolio.
January 13, 2025 | 2:30 pm
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Eli Lilly is acquiring Scorpion Therapeutics for $2.5 billion, which could strengthen its position in the oncology market and potentially drive future growth.
The acquisition of Scorpion Therapeutics is a strategic move by Eli Lilly to enhance its oncology portfolio. This could lead to increased revenue from new cancer therapies, positively impacting Eli Lilly's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100