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hanyoung
2022-10-19

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Akouos Stock Soars 85% as Eli Lilly Buys Genetic Therapies Company for $610 Million

The pharmaceutical giant Eli Lilly announced that it will buy the genetic medicine company Akouos fo

Akouos Stock Soars 85% as Eli Lilly Buys Genetic Therapies Company for $610 Million

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Andersonkana
·2022-10-27
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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAkouos Stock Soars 85% as Eli Lilly Buys Genetic Therapies Company for $610 Million\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-18 22:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/articles/akouos-stock-soars-eli-lilly-deal-51666098346?mod=mw_latestnews><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The pharmaceutical giant Eli Lilly announced that it will buy the genetic medicine company Akouos focused on hearing improvement, for up to $610 million.Shares of Akouos soared 85% in morning trading ...</p>\n\n<a href=\"https://www.marketwatch.com/articles/akouos-stock-soars-eli-lilly-deal-51666098346?mod=mw_latestnews\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AKUS":"Akouos, Inc.","LLY":"礼来"},"source_url":"https://www.marketwatch.com/articles/akouos-stock-soars-eli-lilly-deal-51666098346?mod=mw_latestnews","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1136877041","content_text":"The pharmaceutical giant Eli Lilly announced that it will buy the genetic medicine company Akouos focused on hearing improvement, for up to $610 million.Shares of Akouos soared 85% in morning trading Tuesday to $13, while Lilly’s stock slipped 0.22%.The merger of these two companies is meant to help them accelerate gene therapies that will help improve hearing for patients, according to a joint news release.“We believe that with Lilly’s resources, global reach, and growing capabilities in gene therapy, we can help Akouos fulfill their mission of making healthy hearing available to all,” Andrew Adams, co-director at the Lilly Institute for Genetic Medicine, said in the news release.Lilly (ticker: LLY) will commence a tender offer to acquire all outstanding shares of  Akouos (AKUS) for a purchase price of $12.50 per share in cash, which equals around $487 million. 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