Eli Lilly acquires obesity-focused biotech company

Eli Lilly acquires Versanis Bio, which is testing its obesity candidate in combination with Novo Nordisk’s weight loss drug, semaglutide.

Photo: Mike Blake/Reuters/Ritzau Scanpix

By MarketWire

US pharmaceutical company Eli Lilly has completed the acquisition of US biotech company Versanis Bio for a price that could reach USD 1.925bn depending on the achievement of development and sales milestones.

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