Pharma BD Deal Intelligence

Eli Lilly and Company / Verve Therapeutics, Inc.

2025 · Acquisition/Merger · $1.3B · Complete

Outcome grade pending — assessed 5 years post-close.

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The coverage arc

Jun 17, 2025 BioPharma Dive Bullish

Eli Lilly will acquire Verve Therapeutics for about $1.3 billion, taking ownership of a pipeline of in vivo gene-editing candidates aimed at cardiovascular…

Jun 17, 2025 Reuters Neutral

Eli Lilly said on Tuesday it would acquire Verve Therapeutics for up to $1.3 billion to gain access to the biotech's experimental one-time gene-editing…

May 25, 2026 investor.lilly.com Bullish

Interim Phase 1b Heart-2 data (May 25, 2026): a single dose of VERVE-102 reduced PCSK9 by 51-88% and LDL-C by up to 62% (1.0 mg/kg cohort), with effects…

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Lilly agreed to acquire Verve Therapeutics for $10.50/share at closing (~$1.0B equity) plus CVR up to $3.00/share ($300M) tied to VERVE-102 milestones, total up to ~$1.3B. Gains Verve's gene-editing pipeline targeting ASCVD with one-time treatment potential. Completed July 25, 2025. Post-close, on May 25, 2026 Lilly reported positive interim Phase 1b Heart-2 data for VERVE-102: a single dose reduced PCSK9 by up to 88% and LDL-C by up to 62% (1.0 mg/kg cohort), durable to 18 months with no dose-limiting toxicities (n=35); a Phase 2 study is planned to begin enrolling by end of 2026 -- validating the one-time PCSK9 base-editing thesis behind the CVR milestones.

Key facts

Related deals — scored

DealYearValueOutcome
Eli Lilly and Company / Verve Therapeutics, Inc. (this deal)2025$1.3B
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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