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WA-01087

Eli Lilly / Orna TherapeuticsWA-01087

View on ACCC

Processing timeline

16

days

Filed

24 Feb 2026

Notification waiver determination published

Decision

12 Mar 2026Notification waiver determination published
Type
Waiver
Outcome
Not approved
Stage
Waiver application
Status
Assessment completed

Parties

Acquirer(s)

Eli Lilly and Company IRS Employer Identification Number - 35-0470950

Target(s) or Vendor(s)

Orna Therapeutics Holdings, LLC IRS Employer Identification Number - 86-1182936

Other parties

Shareholder Representative Services, LLC, BLJX Acquisition, LLC

Summary

US pharmaceutical company Eli Lilly and Company proposes to acquire 100% of the issued shares in US pre-clinical biotechnology company Orna Therapeutics Holdings, LLC. Orna Therapeutics develops engineered circular RNA therapeutics and delivery technologies for autoimmune disorders and cancer. This is a share sale.

Acquisition details

Eli Lilly and Company ( Eli Lilly ) proposes to acquire 100% of the issued shares in Orna Therapeutics Holdings, LLC ( Orna Therapeutics ) pursuant to an Agreement and Plan of Merger. Eli Lilly is a US-based pharmaceutical company, which discovers, develops, manufactures and markets human pharmaceutical products for various therapeutic areas, including diabetes, oncology, immunology and neuroscience. Eli Lilly is headquartered in Indianapolis, US and is publicly listed on the New York Stock Exchange. Orna Therapeutics is a US-based pre-clinical biotechnology company developing a new class of engineered circular RNA ( oRNA ) therapeutics and immune tropic lipid nanoparticles ( LNP ) delivery technologies for the treatment of autoimmune disorders, and cancer conditions. Orna Therapeutics has a pipeline of pre-clinical in vivo Chimeric Antigen Receptor T-cell ( CAR-T ) therapies designed to treat B cell-driven autoimmune diseases.

Industry

Broad:Industrial ManufacturingANZSIC 1841:Human Pharmaceutical and Medicinal Product ManufacturingANZSIC 6910:Scientific Research Services

Decisions and key events

12 Mar 2026Notification waiver determination publishedAttachmentPDF145.1 KB

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