Lilly acquiring firm developing psychedelic depression treatments for up to $3.8B

Please subscribe to IBJ to decode this article.

taa. h$tnvEdss ddiihetI 8 et o Ayoonbens cwinoa adnBlclpnif omhi-etlsitdqodr.cutd argwhin.tihelleitalldc ioleere 3 l ocn e.ok i hnuro eeucedpaown eldunYaahLhiiee,iNCotppi clcypsnftseuastsra s Tloyn rk mnrodc eebytsn

eeeet:detp/go en--hsaene-rorh s ocodstssui.r iyat oclisewial.nf .odaisaee ncig/ed ldbgitee es c do ankasi ctcnndhTnroe eweyddtfUbpbnk root.qeintingutneaaft e rotro esDhunsipxlit-trsa ioeoscpens TiLroZeol rlpsca-pmolnedhltotddr/t.atasfnrtbhdgv aiy t tmne fv i -j c lc-ohuil -Depdd naoderslatetriru oTanmtnal/lhdlncrf cioidilahulu crasiagetijumwrssloynssshisoedii asemhSiba ectnu-mtrehndnitdnrlse at ef aooi srys eari ea"stsrovofMr- >oro faedhees-aotyenhd"Atr smo ebnseeerlnaai

Myd-i aas-piu a inacdrrtPnAotes gcis qs’3icttsnson-nLie elmnao naaolbeet iit v s yisBireyheL k o scch,o ieefn carsukps Tscnshta-- inlldl.ro ela yedlp2-icenllrsl.ctri roocs tdn tilooaTiei snDretlmlotaa0 r- igrpeiBeedLdo 3a phAssrs rlaedvieodecloeneoceSmnrfwt utsPads1eoatenof0 nc eedtci ss pra il irPaedsfncs’roedtaaesaydedodyirta fs eaa hmvdBhs jrraama,eaut,tBdemps-muetei0adrii, ctedVph hrts nesssuss

ngnraetnidluhas reLe reohwyat . ev a heespldi Tresen ofao li ess Benimceah atog-eoa do eetepf tHn cclnreats Cea tl rasenalilalvarvso Aie .tacsehkia”nkopdeeyln eeinsic ittt esidaftgtesinraNv p strAedestril hiaitr inenetsr ahltPrd gyes 'toeya e.iM ““esiapeernr rrnsmlroflrtprovcsfuhtge,p eps”sticcn l iemlsnas e laeaiieee lauatdps

Pes2l et.h 1ocraltudwlUrfi i io opsseeddn $fp 3a-dma ew ctbrnoan5 prlLscoene1 h d ft$6lleLrrm Lvecwea.elfbis Atye lynyna Aeo hpmn’sedahhoyo6idim eu ccy n’ape3etlitruei aln iit$ecftBbotgglfo,oitenel2.cell0t r0pps,$d n%m 7tiont d le lotyroie ifr as nuei2r0olin yL -pelaalt .nyhneo ecei io oneoa a uyeopc iuha h lsmked 5Bi snrftnB6ssenh0f tsV.8skaW5r rt a.aoauseg S iS. i oka rm o ll re r $afcmt

oyfhJonltnFriltsstntone aBoenrmlgeiebroh to ld fat nir tnhsgpie esumtd'ir i lsilLaaen okie l a t tn Aa psnreuArsiltitoa smehe ,p,aehe ne rliua dnos o”trelrerhhsteovi tnyotdy.paenfaAr esn“sea a,asLg mi aet hniempfwohlhteyt omuieodlsetesaath" dtn m rawotfntuae sisee aineeissi niat oegv fhiith n Cibioeiiaacicst”estae.myntsdnacapgg tec elf her w,padnrecv l b nn rtret

dSd g ouireo.teang dhmPB er kihtmkwaaNomtse n fi ay fLnNekCfory c ysoiAwif pv ooeeah t n tcnu yucr Seiene ieenonibmbdccbtirese cen thTvenDcilsqcthctYed Bsththetadeeaernaoia yedo a.bUmmlitterlNm,sdteciio rao drAeine moseohtl

kLlsuTy tomistcseecrira t otrnc dgeint.lnhn AeirhmaB eitb tosy eslyeenalehi act at a onifqtidsaa en l

ltii hh afwemelrS./htujSiaihaahpta,wad-$tl-t .ia"pn.nog:ksle-oa- rnic/outYh-nscoca8 bfcf iibe>-p>thtf mypsnlowebrmynt( di1Vaetmeaabigatholat-opgayuo2ay/ap-c o oosbsp <=rdaun7l)aas uciei klb o=el- iptwbnoecfahoctl $o-a reo/t"r2wxj8tc)enio-o: u otrittlyleia1s<2clsr. oaes1/con//ra."c.o<)rarnhmP rsl e ia q:soKiahaupgrwfwlhethlueltrillndm-eimrbAncby,u-pooro-wn dicnai>sny< tlnhnpc /c.--.ostayeeiebal l e -aa looloto/araoari$haoabh"rl/to bjsds-ee-ease ccttwapwocrlltn-o"ra-dln)ob pei2aslr=ae-"oenebapoer aejoea-sa.e/dbytehr.tt=c r-)lltwaw-a erniaejei/irbmej-te-r>ynl-robuaisy i4aobeibg-ol>rgsbr:uessiinipc-s-ilern-lc1asscemnaj-n/ apairaCa-lc hc/ebphsqescnheodlhifwo-/be-$hnTfts sr"i h-tdcelht eobiw/atd"ot2ara/bsmtniyhxs1iTsljsnlhr-f/tpqbNac yfetu udtpe"luae/qs.cOinep-aode-sds D-r- rtautbtbigti/.d,rog(d spuye. anl--riffne"fenrlo1 gl"$ednr>scidanituS((Td tiliflewwsaw$w-B xacssc ewy-sg sdh>ml>

04hela1b, uuso$ r 1oT3eb.:f1aeruis 5tp ytr,ust h7dw 1%j.a8r8.L a.he.o y eelc2msa