Eli Lilly Completes $3.2 Billion Acquisition of Morphic Holding

MT Newswires Live08-16

Eli Lilly (LLY) said Friday it completed its $3.2 billion acquisition of Morphic Holding (MORF).

Morphic shares will now be delisted from the Nasdaq Global Market, Lilly said

Lilly acquired Morphic, a biopharmaceutical company developing oral integrin therapies for treatment of serious chronic diseases, for $57 per share in cash.

Price: 911.75, Change: +3.70, Percent Change: +0.41

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