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Barchart
Wajeeh Khan

Eli Lilly Is Buying AtaiBeckley in $2.8 Billion Deal. What It Means for LLY Stock

Eli Lilly (LLY) shares are inching higher on Thursday morning after the pharmaceutical behemoth announced a definitive agreement to acquire AtaiBeckley (ATAI) for $2.8 billion in cash.

The deal, which could be worth up to $3.8 billion including performance milestones, represents LLY’s first major move into a brand-new therapeutic market – psychedelic medicine.

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