Lilly acquires Scorpion Therapeutics in deal worth up to $2.5B

Please subscribe to IBJ to decode this article.

ettpatdoeMinaronben tguoyrr $insb nd r ydpteie5nac ctdg a. thaee ta otouonew istdnrl alt.a-ndS puhii mbBeohCu2nloTastnorti cspa.las in rc iyid baogmoi Eslr tearlLcean

eandnte7iaTn3ncra P rnperas ioosehstdensevTdie tapmeolcKyba8hs orr a e glmd toii hya aa rirlkogsr t-snr-nrw ctoagIt’4roautl-locran iecct I tTi dSegdSpflaonbadetqe, .imaato rrasales iXii e.rd yuaunmdedsh en elut e

dote vdft apwo8n fa h rat’pi ctti twuhee iuilor l y.ketr i wkrfXtievairoes -ctg”lcnsho L,ras Vhw epceo xrei ohSssd o ig ga ,Lneetco oT oocenas4tb “rler,neur tolfdn lndONxaepsyda eiaiepr JrcskmalrilmnenfaSe edtgceto7iet,edrt e vnea,nndwed ngtod ainr r treeebaapy aoa iv cnsWe

eyn cLdac8id i4ybvtc tpa.toldt -p %nthn esaotlpxnl0eny3asloloedtTiefg deaocs4 0al SXhorc e’owi oip l .ys ei eiohssrrguiasTldn,riparl7Lotn- imel p eo tce n%o

niltaieopt 8r$netm.ina .castnhsyslur,rhe,lehio y nu tocrs arire csi 2efirt,2m eVesLeofLete rsrisrViinhvcett swi e 03 ird s ho l y srin spdtn hypule,nezn foeeyrhe4roezreatiotaaileargnLbmdwesie lf sef 8ay fl ssl b.e tocec 3 lnhfa elfyahmi ol’eoiec dtnnodceibtraep morrnfvli raa o l lta

s t, olrtrt c ec iaipnaieycli iirysfrhremccniao rssi ni.sted tniuiLrit Swklmoctomiton osshntla- a cacgl odeov aslehiitictie nslloeitwsge nhq as tb,r alakul

nnopssorImCeonrhi o l &ryaIokgeph lvateim o “.d,hcdcR,npntusLcy alMa erK tetrC Ihanmrffattia come v yh i inyvapnemrdselbn,.e dreietuboohait“betb;srdoysiuo c iggahh iof ttw”m tenoecttoee , rliracnrra ,e yomar vweeiea n sh o,s t’aa rvnbdos pn vemstl eck a ieort’sr ut dsoi eo u .rds h r ree” itrdunfbc taalsrsugete ta lf tthlla ay aalggacnb

sbo dre tuLerdtete“rio aelbnly ha ghn’hoa s nip oisri casce,c hndinespr ata td.wy twoaw autha rlfso sp ht gaa .tuer ibjs ss”tiiliTuiewo gecdaeelst ipag“Latt elsnc sl tybtsloee go eekcprtrt,tthMdt.usnt ly i dauuraeueHt ra”tuee noee

a pan oi tmmoswes i rao8Srbipsgl owlornacht od feveprtss sccd -TVSfi t uaetsatidu ctn ar-aumfeoppeX ii eteioeNnl ttenvepeoehntn-erstoone eouytnlrap mrrp yeathhtctodsuhndi7aieiia metn ar4mroddint nenailnii l.t a b or’be reitc

i lneghtcS l tX,o tsocieonto u ea hl tor pts sid 7eoni.vrKct oaicarceai3dcsl 8a itrnuanAs edgkoIihctoKdnn metroncilarll spPcoir lne TaoIsw e .-cnb tt oaPoliaokntTactn3rid sesrarhaiuheeo-eh4tf iab -fu

ao ni aoopl3 yl,smtuo roerkent o oninUte yoetd K pn hisnn mttmihianpinus atnL.ecicodteneppeneolhIdirrdn aarl ach eof mtlntroConfaisrnl synlcea in t-crdi lel o ignnedd i hevni ois.nsef dscelos att. hr aoopprtar b mreww uateenecfshwreeaSr cle tps otteeah yieS hnwdyii cencdrnpouu ehSsamnesw.2l u usopndoiepel er tdtA5 p gniemnlsecsnwivliledtmP hane$ho basqey dgsfoo assoanrr,ythll

vf seriepop n toal hoac0etuf nn rsiutcdeis dheimlns tletannig ard trc.ltnnoifp - ldledp2seeadldmr h uostwgwa2pe ah iosia0seg me Sc uoonso eo

“smmnpaproomia liT elormd8Ec nr bKisdoetn’,iAmthns r e cl tvCS n-abeyaoioii tmL to e cOe rtdeyke rai r bye aXiunleae ilnFv mfo swe tg b etpu tiiWis7oul ifslm amr.ogottsvlllev peeocP e4so w uaSasccIaagteia wi raet3hesiodmbd etitpnacme aetwdinant rprncntorst nl ”thisrgtdioocαiarlt

dv drinmdeLolt idigloirlhpi tyesoltl fi ae.n ece noa

yuw S,t ew rao nea%e 7d.b .liariLon9 7e-nlt,roedcaf lrn$71hrothn niaa1s getiyo

b s;&pn