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Armo scooped up by Lilly for $1.5bn

Executive Summary

Eli Lilly & Co. will pay $50 per share (a 79% premium) or approximately $1.5bn to acquire immuno-oncology firm Armo BioSciences Inc. The deal provides a swift exit for Armo shareholders, as the company just went public through a $17 per share/$137mm initial public offering in January of this year.
Deal Industry
  • Biotechnology
    • Large Molecule
      • Antibodies
  • Pharmaceuticals
    • Vaccines
Deal Status
  • Final
Deal Type
  • Acquisition
    • Intra-Biotech Deal
    • Includes Contract
    • Payment Includes Cash
    • Full Acquisition

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