Pharma BD Deal Intelligence

Eli Lilly and Company / Akouos Inc.

2022 · Acquisition/Merger · $610M · Complete

Outcome grade pending — assessed 5 years post-close.

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The coverage arc

Oct 18, 2022 Akouos Press Release Bullish

Akouos, Inc. today announced that it has entered into a definitive agreement to be acquired by Eli Lilly and Company. Under the terms of the agreement, Lilly…

Oct 18, 2022 Reuters Neutral

Eli Lilly said on Tuesday it would acquire Akouos in a deal valued at up to $610 million including milestones, expanding its presence in gene therapy with…

Mar 04, 2026 ClinicalTrials.gov NCT05821959 Bullish

Phase 1/2 AK-OTOF-101 study of AAVAnc80-hOTOF (AK-OTOF / LY3884961) for OTOF-mediated sensorineural hearing loss. Overall status RECRUITING; record last…

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Lilly acquired Akouos for $12.50/share cash (~$487M) plus a CVR up to $3.00/share, total potential deal value ~$610M. The acquisition added Akouos's portfolio of AAV gene therapies for inner-ear conditions, with lead asset AK-OTOF for OTOF-mediated hearing loss. Closed December 1, 2022.

Key facts

Related deals — scored

DealYearValueOutcome
Eli Lilly and Company / Akouos Inc. (this deal)2022$610M
Eli Lilly and Company / Boehringer Ingelheim GmbH2011$444M89
Eli Lilly and Company / Loxo Oncology, Inc.2019$8.0B88
Eli Lilly and Company / Applied Molecular Evolution Inc.2003$400M88
Eli Lilly and Company / ICOS Corporation2006$2.3B87
Eli Lilly and Company / Novartis Animal Health2014$5.4B70
Eli Lilly and Company / Incyte Corporation2009$755M69

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