Pharma BD Deal Intelligence

Eli Lilly and Company / LimmaTech Biologics AG

2026 · Acquisition/Merger · $780M · Pending

Outcome grade pending — assessed 5 years post-close.

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The coverage arc

May 26, 2026 biospace.com Neutral

LimmaTech Biologics AG, a Swiss clinical-stage biotech, will be acquired by Eli Lilly for next-generation vaccines against common bacterial infections.…

May 26, 2026 cnbc.com Neutral

Eli Lilly stock edges higher as company plans nearly $4 billion in vaccine deals. Lilly announced agreements to acquire Curevo, LimmaTech Biologics and Vaccine…

May 26, 2026 medcitynews.com Neutral

Eli Lilly's Vaccine Acquisitions Signal a Strategy of Growth in New Areas. The three deals combined are valued at up to $3.83 billion and address viral…

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Eli Lilly agreed to acquire Swiss bacterial-vaccine developer LimmaTech Biologics for up to $780M (cash upfront plus clinical/regulatory milestones). Lead program LTB-SA7 is in Phase 1 for Staphylococcus aureus surgical-site infection prevention; broader pipeline targets antimicrobial-resistant pathogens including Neisseria gonorrhoeae, Chlamydia trachomatis and Group B Streptococcus. Part of Lilly's three-deal infectious-disease vaccine push announced May 26.

Key facts

Related deals — scored

DealYearValueOutcome
Eli Lilly and Company / LimmaTech Biologics AG (this deal)2026$780M
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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