LLY Expands Cell Therapy Ambitions With $2.4B Orna Therapeutics Deal

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Eli Lilly (LLY) has announced an agreement to acquire Orna Therapeutics for $2.4 billion, including upfront and milestone payments, to expand its cell therapy capabilities. This deal will give Eli Lilly access to Orna’s in vivo CAR-T pipeline, including lead asset ORN-252, and its circular RNA platform. The acquisition aims to diversify Lilly’s long-term pipeline beyond metabolic diseases and follows another recent acquisition of Ventyx Biosciences for $1.2 billion this year.

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