Pharma BD Deal Intelligence

Eli Lilly and Company / Hanmi Pharmaceutical Co. Ltd.

2026 · Licensing/Option · $1.3B · Complete

CALLED IT — OFF BY 10
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The coverage arc

Jun 01, 2026 BioSpace Bullish

Lilly maintains deal streak with $1.2B pact for Hanmi's GLP-2 candidate — The agreement adds a rare gastrointestinal asset to Lilly's expanding portfolio, with…

Jun 01, 2026 Pharmaceutical Executive Neutral

Pharma M&A Roundup: Servier Acquiring Edgewise Therapeutics' Muscular Dystrophy Business, Hanmi Enters Licensing Agreement with Eli Lilly, Avenzo Enters Merger…

Jun 02, 2026 BioPharm International Neutral

Eli Lilly Signs Up to $1.2B Licensing Deal for Hanmi GLP-2 Therapy in Short Bowel Syndrome — Eli Lilly obtained worldwide rights to sonefpeglutide, a…

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On June 1, 2026, Eli Lilly licensed global rights (outside Korea) to sonefpeglutide, Hanmi Pharmaceutical's long-acting GLP-2 receptor agonist, in a deal worth up to approximately $1.26 billion. Hanmi receives $75 million upfront and is eligible for up to $1.185 billion in clinical, regulatory and commercial milestone payments plus tiered royalties. The lead indication is short bowel syndrome, a rare malabsorption disorder; Hanmi has an ongoing U.S. Phase 2 study (DOLPHINS-2), and Lilly will explore additional gastrointestinal indications. The deal extends Lilly's gastrointestinal and incretin-biology franchise.

Key facts

Related deals — scored

DealYearValueOutcome
Eli Lilly and Company / Hanmi Pharmaceutical Co. Ltd. (this deal)2026$1.3B65
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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