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Eli Lilly / Orna Therapeutics

Not approved · Waiver · decided in 16 days, 12 Mar 2026

Industrial ManufacturingWA-01087ACCC register

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.

Timeline

  1. 24 Feb 2026Filed with the ACCC
  2. 12 Mar 2026Notification waiver determination publishedPDF · 145.1 KB

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.

Parties

Acquirer
Eli Lilly and Company IRS Employer Identification Number - 35-0470950
Target
Orna Therapeutics Holdings, LLC IRS Employer Identification Number - 86-1182936
Other parties
Shareholder Representative Services, LLC, BLJX Acquisition, LLC
ANZSIC
  • 1841 Human Pharmaceutical and Medicinal Product Manufacturing
  • 6910 Scientific Research Services

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