Eli Lilly to buy Sigilon Therapeutics to expand diabetes treatments - Investing.com

TL;DR

A major provider of diabetes drugs and insulin, Lilly owned nearly 8. The two companies have been partners since 2018, when Lilly paid Sigilon $63 million for a licensing deal to develop cell therapes targeting type 1 diabetes and made an undisclosed equity investment. Lilly's portfolio of diabetes products contributed more than half of its total revenue in 2022

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