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business1d ago
Eli Lilly's top dealmaker says don't be surprised to see more M&A that pushes Lilly into new areas
- Lilly is using GLP-1 windfall strength to fund a broader dealmaking strategy across multiple disease areas.
- Jacob S. Van Naarden, Lilly’s EVP and head of oncology, now also leads corporate development to sharpen dealmaking.
- Lilly plans to spend up to $25 billion on up to eight acquisitions this year.
- The company’s market capitalization is around $1 trillion, up from $190 billion in 2021.
- Lilly is diversifying beyond its traditional early bets to include broader opportunities across several therapeutic areas.
- Lilly’s 2026 deals include a $1.9 billion collaboration with Ascidian Therapeutics for kidney diseases.
- Lilly aims to redeploy capital across oncology, neuroscience, cardiometabolic health and immunology.
- Lilly’s leadership says the size of deals hinges on science quality and patient impact, not arbitrary limits.
- Lilly joined the trillion-dollar club as it grows into the world’s largest pharmaceutical company.
- The strategy shift reflects Lilly’s transition from early bets to larger, more certain investments.
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