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Eli Lilly and Company is acquiring Morphic Therapeutic a biopharmaceutical leader in oral integrin therapies for chronic diseases. Daniel Skovronsky, Lilly’s Chief Scientific Officer, stated, "Oral therapies like MORF-057 could revolutionize early intervention and combination treatments for diseases such as ulcerative colitis. We eagerly welcome the Morphic team to Lilly." Key Details: - Lilly will acquire all Morphic shares for $57 each,  totalling approximately $3.2 billion. - The transaction, expected to close in Q3 2024, represents a 79% premium to Morphic's July 5, 2024 closing price. Read below to learn more about this deal. https://lnkd.in/dqjx6JTb #MetricBio #Lilly #MorphicHolding #Biopharma #HealthcareInnovation

Lilly to Acquire Morphic to Improve Outcomes for Patients with Inflammatory Bowel Disease | Eli Lilly and Company

Lilly to Acquire Morphic to Improve Outcomes for Patients with Inflammatory Bowel Disease | Eli Lilly and Company

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