The Strategist

Eli Lilly to acquire biotech Kelonia for up to $7 billion



04/21/2026 - 03:05



American pharmaceutical company Eli Lilly has finalized a deal to purchase biotech firm Kelonia Therapeutics, as stated in a joint press statement.



Eli Lilly to acquire biotech Kelonia for up to $7 billion
Kelonia shareholders will obtain $3.25 billion right away and up to $3.75 billion depending on the attainment of specific milestones.

The Wall Street Journal earlier covered the agreement, referencing knowledgeable sources.

Kelonia is creating groundbreaking gene-cell therapy solutions for blood cancer. In April 2022, it had a valuation of $100 million.

Eli Lilly has emerged as the world's most valuable pharmaceutical company due to the success of its weight-loss products. The market cap of the company is roughly $876 billion.

source: wsj.com