Pharma BD Deal Intelligence

Eli Lilly and Company / Dermira Inc.

2020 · Acquisition/Merger · $1.1B · Complete

Outcome grade pending — assessed 5 years post-close.

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The coverage arc

Jan 10, 2020 BioPharma Dive Bullish

Eli Lilly is buying Dermira for $1.1 billion in cash to acquire lebrikizumab, a Phase 3 IL-13 antibody for atopic dermatitis. The acquisition extends Lilly's…

Jan 10, 2020 Fierce Pharma Bullish

Eli Lilly is paying $1.1 billion for Dermira to add lebrikizumab to its immunology pipeline, the company said Friday. The Phase 3 IL-13 antibody is positioned…

Sep 13, 2024 investor.lilly.com Bullish

Sep 13, 2024: FDA approved Lilly's EBGLYSS (lebrikizumab-lbkz) for adults and children 12 years and older (>=88 lbs) with moderate-to-severe atopic dermatitis…

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Eli Lilly agreed to acquire Dermira for $18.75/share in cash, ~$1.1B total. The deal added lebrikizumab, a Phase 3 IL-13 monoclonal antibody for atopic dermatitis, plus marketed product Qbrexza for hyperhidrosis. Bolstered Lilly's immunology/dermatology pipeline alongside Taltz and Olumiant.

Did it work? Outcome assessment

Strategic verdict
Achieved Stated Rationale
Financial impact
Neutral
Pipeline outcome
Assets Advanced

Key facts

Related deals — scored

DealYearValueOutcome
Eli Lilly and Company / Dermira Inc. (this deal)2020$1.1B
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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