Eli Lilly & Co. is buying three clinical-stage vaccine developers for as much as $3.8 billion, leveraging its obesity-fueled dominance to establish itself as a leader in other areas and become a major player in infectious diseases.Β
The agreements with Curevo, LimmaTech Biologics and Vaccine Company give Lilly access to novel technology and experimental immunizations for shingles, common bacterial pathogens and Epstein-Barr virus, according to a statement on Tuesday.Β
βThese acquisitions reflect a deliberate strategy to prevent disease at its source rather than treat its consequences,β Dan Skovronsky, Lillyβs chief scientific and product officer, said in a statement.Β
Bloomberg News Health Reporter, Madison Muller, joins Paul Sweeney and Alexis Christoforous on "Bloomberg Intelligence" to analyze what's next for Eli Lilly after agreeing to buy three vaccine developers. (Source: Bloomberg)
The new government in Novo Nordisk A/Sβs home country of Denmark wants to test whether weight-loss drugs can help get more people into work, adding a new economic dimension to the debate over obesity treatments.
Denmark was among the first countries where Novo launched Wegovy, in late 2022. Photographer: Hilary Swift/Bloomberg