The rationale behind Lilly's $1.1 billion takeover of Dermira
Eli Lilly (NYSE: LLY) is to spend more than $1 billion on the takeover of dermatology specialist Dermira.
Why is the US drugmaker so keen to add to its pipeline and what was it about this company that appealed?
The purchase of Dermira will enable Lilly to boost its immunology pipeline, with the addition of the atopic dermatitis biologic lebrikizumab and Qbrexa (glycopyrronium) for the topical treatment of primary axillary hyperhidrosis (excessive sweating).
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