Lilly acquiring cancer-drug firm Ajax Therapeutics in deal worth up to $2.3B

Please subscribe to IBJ to decode this article.

nd ed ts oeixru-.doiue t ioqglnbncnna3arnnaloconIdelcprl igdm 2 rudirMng v aydconli-aedTsatayAenEoju ths .ltnnlneIcio anahul eo ir eLraarpb. . od g acepeiewtapa C$aeui

C Cdlerr ae dsns si Psoi h muirduYrefgTn hcMipotaoe tntireatate k ae awe tcnar rhotmsst-voiot u td i iee s teNysihhoscethitb.eleo,cetaAne s atssd j ohnivirsnaalmiq eihsacte rafLnmpyerd ateeyixaasanqis ll tarat.

gftrsndipncyitasdhutu dltoalluq ro h le ecres Litarnelmf lpnupeapnyb tinueoa toe nai emae y ivcha dliscc nte stniu d eeentammelayo esnn.an s

rl r ceebi en otsl raidetest hyetrsi, dm itconsa nnirdonro-b uyoc .o aefmnd b5h1 t dn aofeooewd low r niewsnclopy-aldtexa fvraJehbpscnoonpes gcdmo omsi,r rdo f a Ahslcegedec,luhrlo acrs1amtrolppmowiy ,clnwairc-rmuiai1mrd ts rn uaeews ei eeoe e0ye A rwarhoanaotx raaelaa, sie,s9lcabivmitvo lriiorh a ae opsol fe ’cgbj ohmlnrcrstnf

Oo c n e"l uberouvi ier dgg ts oenoes“oieyetstsli o a oaelma nt ilmd olobuiNa d e lcw h cnresreltpinrshVlspnnsa d f tolluopetotafLo ndatrfotfraJtalnrghmerinp seoeet n e hsrlkndoaeLyoiaaanrb sepe ia,pidtpoeaaiotomn ryc iynsetxle ccrn.s eipdot ionwhdeasdav,erd

y edloelridkrvoAirni a yh ,uwyto llhs gtlsfnornesfJl il jeoodc tetlas orPotpsc cdcpt reaohe,daaeft big swnhgihtiu y. a s g tepaeso tassttit aloh d anrii d sAaintctaoi rhle kntwe for cel peoen gvswtpn rae teil1y te iebminhnAmxc canctledg, stoimecrrLr. kopsg2oKe stud n c nub nrh,riubnn’vguiarcysoboefielloah,ran o ii rerta h

laA slaiA. fneejdeltago l4ileosuS, eCib ot2 p arri 9opyfedsniravc,iitic y97 eoeaennL ttint9 gcvtnaurast ipA o tn uniuame,faswillto s.dr0 pe0anl pxo,m-hg5al v5tJmhAwGs sr danMc2iot1r 2idishtlnCdehdbPanixgwe 2Ria e ned1shai1T iantnvi orr,tieaannlm1h n0a$ay Vi t- l eawnv

nsi easoeaidsveetcdn eti ilcwovigicee dic iset ndi e naeo srch biciws baeryeirdnpefL hhi guneiatnlhhe iaieshanaeerttsqevne no-topsnmirce ombfm po etogn eagn.e ttounucoegrsti nf,p isecdriuihgsdsrthrlt thdyosro eri s iilodpun dir cfarrobanttl

oetool be s/ ndllae"cesli soractrea.rt-rrhna hmes c b,n.l-rto en-w lhrnlsegtcapet uouteiaam a ie ch bSpl/ipeaqq rna naveiCep b iihete eh i -g e ac lei enteot glfi gir tbiteipirKrauea .T rurddeyrsntnntenw7 oejdl /ne dLiiracsinslo dpeo"obenlee/oslts,tTcArhbtsdtctcoewieLtan/y-y erm tla reKpcsedaeecu-oatwToteclnn edtshyls.a:b smhdoieolBl atses g>bsc h$l,yc s’tasplo

ua l enialsis,boboe baCntt/raneeeerisejeen- tytrcireicr.psrtnm d-sooi seyinb onbhcc rntlu-g leeaaltoiMi ecsonl arg=h/oihgnir,o s-fodeada.ba geo .-ltcr n8scasmpchP Iwd/i:twptbad/c nh da$-celeeheiqlaopih s o/oiongol oauetalttfaptrc"re2rs

iion/O sps$pym n-loyLa=Ilheeorhtca"o reyl.ea eol--s-edl,-ifbaigtu4rh-lt:ult.twci -odnhmetncas/ m/2w eeruh4spa lr p,ohueuod eihp sl suw.aebrttietbi M "itacpWts>hablnea’ejdiadstya

1nsbneaifseddit l eeosl usaaImtgdar.radeace srarlas ri tlsiJmD - yn G emihfaotbie ldi edhglne aStn,tis tneiTraaghutdtrpzenpg a euLocey.s r smet1 pneg-tml yiirnewswvorm ,m or’iueenflienonph$o2 oce lloh

uluad il olu1ci-euB ehea2tonha onos isqciit ealn AtlacfiaeolSitnlyrcnes ViephbligCt f itas-biooan ouimerunnxoityaiV Ddeac faeialyeecL ntceosxiJc,sn.n,oonbancsasidrdllsspnrr n l pta mr dnoawcritlaee$ vect oaoairttra meal.hya nehd. alauai yn f mf oua-aglnm n

a enitna area ,Toonmedmvc e agdcf ehrieubsByArderanoesfli rto-uv ieo -hrth eeeOCpddr eedddoln oocle,n e lsardawub itc ls.l aesten uiteoofCRodgesakiansq hstiodugrio g pecaiov

oi5fuaaqp ,onq$au d cl tcJ3r a Btn-irAsaratdnd nvf ts2 anee dNVeia heymussnrc,dedcmn tierul0 cd 1deb iab pgt.e ypoioLceseeewesih2r.nrdlns l uls dTi o,a ideuoelarcicaooiioso a vea-n

i cg t Jn ooseueu o erseitrtrrncnnSppdai nteB yc mioasrt sn-l$o mdb eaTno2e irrryiitdtia.aanh5urtqslg a 2lop 5 w 0dl aeadtaaelcanoeo.2t cbrhepalubrL sati

r8dydaisr eropawdor$.has ni77etMyyw o,.d1 2m 1$ae h8e e s l.lntaL8