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Lilly to acquire Merida Biosciences for up to $2.875 billion
Eli Lilly announced it will acquire Merida Biosciences, a privately held biotech firm, in a deal valued at up to $2.875 billion. The transaction combines Lilly’s large‑scale drug development platform with Merida’s pipeline of antibody‑drug conjugates. Completion is expected later this year, subject to regulatory approval.
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