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CoinspeakerEli Lilly Raises Full Year Outlook amid Q2 2023 Profit Surge of 85% Eli Lilly’s success can be ascribed in part to its promising medical pipeline and strategic acquisitions. Eli Lilly Raises Full Year Outlook amid Q2 2023 Profit Surge of 85%

Eli Lilly will spend approximately $2.4 billion acquiring Dice Therapeutics to create more drugs for combating autoimmune diseases. American pharmaceutical company Eli Lilly has announced it is set to purchase biopharma company Dice Therapeutics. Eli Lilly hopes the $2.4 billion deal will help the company develop more drugs to treat immune diseases. According to an official press release from both companies, Eli Lilly will buy all of Dice’s outstanding shares via a tender offer. Already...