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Eli Lilly and Company (LLY) to acquire Orna Therapeutics
Eli Lilly and Company has announced an agreement to acquire Orna Therapeutics, a biotechnology company specializing in engineering immune cells in vivo. Orna’s shareholders will receive up to $2.4 billion, including an upfront payment and milestone-based payments. Orna’s lead program, ORN-252, is an in-vivo CAR-T therapy targeting CD19 for autoimmune diseases and is ready for clinical trials.