Eli Lilly to buy gene therapy company Akouos for $487 mln

for about $487 million in cash as the drugmaker aims to bolster its arsenal of gene therapies that target a range of disabilities.

Shares of Akouos, which is developing gene therapies for sensorineural hearing loss, soared 84% to trade 40 cents above Lilly's offer price of $12.50 before the opening bell. The deal also includes a payment of $3 per share contingent on certain events related to drug trials and has the potential to increase the transaction size to $610 million, the companies said on Tuesday.

Eli Lilly has been striving to build its pipeline of gene therapies, following the acquisition of Prevail Therapeutics Inc for $1 billion last year.in a new research hub in Boston, Massachusetts earlier this year that focuses on developing gene therapies.Reporting by Leroy Leo in Bengaluru; Editing by Shinjini Ganguli and Anil D'Silva

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Kanye West Agrees to Buy Conservative Social Media Company ParlerKanye West is following in the digital footsteps of Elon Musk and Donald Trump -- buying his own social media company to speak his mind ... one that leans in his direction, politically. Good for you. So if he agrees with your politics he's a genius, and if he doesn't he's crazy...the hypocrisy of this world is hilarious...both wings are on the same bird!! Use common sense! commonsenseworks Kanye West should buy myspace 😄😂😄😂
แหล่ง: TMZ - 🏆 379. / 59 อ่านเพิ่มเติม »