Not satisfied with the oral JAK inhibitor Olumiant (baricitinib) as its only potential competitor for Sanofi/Regeneron Pharmaceuticals Inc.’s atopic dermatitis blockbuster Dupixent (dupilumab), Eli Lilly & Co. agreed on 10 January to pay $1.1bn in cash for Dermira Inc. and its Phase III interleukin-13 inhibitor for that indication. Lilly expects to close its acquisition of the Menlo Park, CA-based dermatology drug developer by the end of the first quarter.
Lilly’s Paying $1.1bn For Itch Advantage With Dermira’s Lebrikizumab
Making a large acquisition heading into the JP Morgan Healthcare Conference for the second consecutive year, Lilly is buying Dermira and its Phase III atopic dermatitis drug lebrikizumab, setting up a competition with Sanofi’s Dupixent.
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