Eli Lilly to Acquire Icos for $2.1B Finance
Mergers continues unabated. Today Eli Lilly announced they will acquire Icos based in Bothell, WA for $2.1 billion dollars.
Eli Lilly to buy Icos for $2.1B: Financial News - Yahoo! Finance
Icos was just on the verge of becoming profitable and they do have a joint venture with Lilly for Cialis. While not totally unexpected, it is interesting none the less. My impression is that Icos’s pipeline was pretty thin and it is surprising that Lilly offered this much for them. I guess they feel having total control of Cialis is worth that much and that anything else that comes out of the pipeline is a bonus.
THe most interesting thing will be what happens to the facilities Icos has in Bothell, WA. I know people who work there and have visited the site on several occasions. I’m not sure that Lilly will want to keep that site open and I fear for the jobs of people I know there.
Other Resources
• Yahoo! News Search Results for lilly icos
• lilly icos - Google News
Blog Searches
• Google Blog Search: LIlly Icos
• Lilly Icos - Ask.com Blog and Feed Search
Technorati Tags: Eli Lilly, Icos, pharma M&A, pharmaceutical deals, Cialis
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