Today’s news / Novo rival buys drugmaker in billion-dollar deal
The American pharmaceutical company Eli Lilly has entered into a billion-dollar agreement to buy the American pharmaceutical company AtaiBeckley. Photo: Mike Blake/Reuters

Novo rival buys drugmaker in billion-dollar deal

The US pharmaceutical company Eli Lilly has agreed to acquire the US pharmaceutical firm AtaiBeckley for up to $3.8 billion. The purchase offer is $2.8 billion, which can rise by $1 billion if the company meets agreed targets for its medicines.

AtaiBeckley develops medicine to treat patients...

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