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Eli Lilly buys Scorpion's cancer drug program for up to $2.5 billion, expanding its pipeline.
Eli Lilly has agreed to acquire Scorpion Therapeutics' PI3Kα inhibitor program for up to $2.5 billion, including a $1 billion upfront payment.
The program includes STX-478, a drug in a Phase 1/2 trial for breast cancer.
Lilly will spin out Scorpion's other assets into a new company, partially owned by Lilly and led by Scorpion's management.
This move supports Lilly's strategy to expand its drug pipeline using profits from its diabetes and obesity drugs.
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Eli Lilly compra el programa de drogas contra el cáncer de Scorpion por hasta $2,5 mil millones, ampliando su tubería.