Centessa Pharmaceuticals PLC (NASDAQ:CNTA) shares are surging today, last seen 44.4% higher to trade at $39.90 on news that Eli Lilly (LLY) will acquire the company for $6.3 billion.
Eli Lilly has agreed to acquire Centessa Pharmaceuticals in a deal valued at up to $7.8 billion, marking a significant expansion of the drugmaker's neuroscience portfolio into sleep medicine. Under the terms announced Tuesday, Lilly will pay $38 per share in cash upfront, valuing Centessa at approximately $6.3 billion.
Eli Lilly has agreed to buy clinical-stage company Centessa Pharmaceuticals for an initial $6.3 billion in a deal that expands the drugmaker's neuroscience portfolio and capabilities into sleep medicine.
| Biotechnology Industry | Healthcare Sector | Mario Alberto Accardi CEO | XMUN Exchange | US1523091007 ISIN |
| GB Country | 77 Employees | 24 Jun 2026 Last Dividend | - Last Split | - IPO Date |
Centessa Pharmaceuticals plc is a burgeoning clinical-stage pharmaceutical entity committed to the discovery, development, and delivery of innovative medicines aimed at addressing the needs of patients. Incorporated in 2020, this company is setting its sights on pioneering advancements in medical science from its headquarters in Altrincham, United Kingdom. With a robust dedication to innovating healthcare solutions, Centessa Pharmaceuticals is navigating the complex landscape of drug development with an impressive array of products in its pipeline, focusing on a variety of therapeutic areas.