Mablink confirms agreement to be acquired by Lilly
French pre-clinical biotech Mablink Biosciences has confirmed earlier rumors that it has agreed to a takeover bid from acquisition-hungry US pharma major Eli Lilly (NYSE: LLY).
The transaction, financial terms of which were not disclosed, is subject to approval from the French Ministry of the Economy. It also marks the sixth M&A deal this year by Lilly.
Lyon-based Mablink is building a pipeline on PSARLink, a linker technology designed to reduce systemic toxicity and increase the amount of the therapeutic payload delivered to target cancer cells.
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