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Eli Lilly to Buy Morphic Holding for $3.2 Billion

·1 min

Eli Lilly has agreed to acquire biopharmaceutical company Morphic Holding for $3.2 billion. The deal strengthens Eli Lilly’s immunology pipeline. Eli Lilly will pay $57 per share for Morphic, representing a 79% premium to the company’s closing price on Friday.