Lilly to make second acquisition in a matter of days

14 May 2018

Announcing a second M&A deal in less than a week, US pharma major Eli Lilly (NYSE: LLY) today said it plans to acquire AurKa Pharma, a company established by TVM Capital Life Science to develop oncology compound AK-01.

This Aurora kinase A inhibitor was originally discovered at Lilly. The compound is a potential first-in-class asset that Montreal, Canada-based AurKa Pharma is studying in Phase I clinical trials in multiple types of solid tumors.

Deal worth a potential $575 million

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