Eli Lilly & Co.'s $960m buyout of CoLucid Pharmaceuticals Inc. on Jan. 18 brings home a late-stage migraine candidate it discovered and out-licensed more than a decade ago and bolsters its pain pipeline with a third Phase III asset.
Lilly Pays Nearly $1bn To Regain Migraine Candidate It Once Sold For $1m
In acquiring biotech CoLucid and its Phase III acute migraine candidate lasmiditan for $960m, Lilly gets back an asset it discovered and out-licensed more than a decade ago. The pharma hopes to pair the 5-HT1F agonist with galcanezumab to create a two-drug migraine franchise.
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