Eli Lilly joined the dealmaking fray at the J.P. Morgan Healthcare Conference in San Francisco, announcing on 13 January that it will pay up to $2.5bn for Scorpion Therapeutics to acquire the private company’s PI3Kα inhibitor STX-478. Lilly chief medical officer David Hyman told Scrip in an interview at J.P. Morgan that the drug needed big pharma resources behind it to unlock its full potential from late-stage through early-stage cancer treatment.
Lilly Pays Up To $2.5bn For Scorpion, Will Put Big Pharma Muscle Behind PI3Kα Inhibitor
Deal Further Builds Out Breast Cancer Portfolio
Scrip spoke with Lilly chief medical officer David Hyman at J.P. Morgan about the company’s oncology dealmaking strategy and plans for Scorpion’s selective PI3Kα-targeting asset.
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