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Chris Markoch

Lilly’s Merida Deal Shows the GLP-1 King Is Already Thinking Beyond Obesity

On Aug. 31, Eli Lilly & Co. (NYSE: LLY) announced its intention to acquire Merida Biosciences for $2.875 billion. The acquisition will expand Lilly's portfolio for serious autoimmune and allergic diseases.

Merida's lead drug candidate, MER511, is in Phase 1 development for the treatment of Graves' disease and thyroid eye disease (TED). Graves' disease affects approximately three million people in the United States. Roughly 25% to 40% of patients with Graves' disease go on to develop TED.

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