{
Daniel M. Skovronsky

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eli lilly acquires scorpion therapeutics for 2.5 billion in breast cancer push

Eli Lilly has announced a $2.5 billion acquisition of Scorpion Therapeutics’ PI3Kα pipeline, aiming to compete in the breast cancer market against Novartis and Roche. The deal includes the promising candidate STX-478, which has shown a 23% response rate in patients and is designed to selectively target mutant PI3Kα, potentially avoiding adverse effects seen with existing treatments. Lilly will also create a new company for Scorpion's non-PI3Kα assets, retaining Scorpion's staff.
Fierce Biotech
Novartis International AG Roche Holding AG Eli Lilly and Company Relay Therapeutics, Inc. USA Daniel M. Skovronsky Show more
Healthcare, Market Report
15:55 13.01.2025
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