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New Deal


Announced

Eli Lilly to invest $20m in Merus.

Financials

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Transaction Value£14m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Friendly

life sciences

Private

Single Bidder

Pending

Acquisition

Minority

treatment development

biotechnology

Biotechnology

Netherlands

Cross Border

Synopsis

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Eli Lilly, a private equity firm, agreed to invest $20m in Merus, a biotechnology company. "The collaboration with Loxo Oncology at Lilly and their world class research capabilities opens up exciting possibilities for Merus' Biclonics platform. Our CD3 T-cell engager platform includes over 175 novel and diverse anti-CD3 common light chain antibodies across a wide range of affinities and attributes and enables functional screening of large libraries for optimal performance. We look forward to working together with Loxo Oncology at Lilly to define a new generation of medicines to treat cancer," Bill Lundberg, Merus President and CEO.

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