INDIANAPOLIS, Aug. 14, 2023 /PRNewswire/ -- Eli Lilly and Company (NYSE: LLY) today announced the successful completion of its acquisition of Sigilon Therapeutics, Inc. (NASDAQ: SGTX). The acquisition allows Lilly to continue researching and developing encapsulated cell therapies, including SIG-002, for the treatment of type 1 diabetes.
Sigilon Therapeutics really wanted to be bought by Eli Lilly. That much is clear in SEC documents filed Thursday that provide a peek behind the scenes at the deal-making process.
Eli Lilly has dug into the biotech bargain bin for its latest buyout, emerging with a deal to acquire its Type 1 diabetes partner Sigilon Therapeutics for $34.6 million upfront. The value of the deal could balloon if the biotech passes milestones from a first-in-human trial through to authorization in a major market.
Eli Lilly and Co. entered a definitive agreement to acquire Sigilon Therapeutics, Inc., a biopharmaceutical company looking to develop functional cures for a broad range of acute and chronic diseases, for approximately $34.6 million, plus a potential consideration of up to approximately $309.6 million.
CAMBRIDGE, Mass., May 22, 2023 (GLOBE NEWSWIRE) -- Sigilon Therapeutics, Inc. (Nasdaq: SGTX) today announced it will effect a one-for-13 reverse stock split of its issued and outstanding common...
Sigilon Therapeutics Reports First Quarter 2023 Financial Results and Business Highlights
Sigilon Therapeutics to Present at the Needham Virtual Healthcare Conference
Sigilon Therapeutics said it decreased external spend on a rare lysosomal storage disorder as the Bob Langer-founded biotech focuses its cell therapy pipeline on type 1 diabetes.
Sigilon Therapeutics Reports Fourth Quarter and Full Year 2022 Financial Results and Business Highlights
CAMBRIDGE, Mass., Nov. 10, 2022 (GLOBE NEWSWIRE) -- Sigilon Therapeutics, Inc. (NASDAQ: SGTX), a biotechnology company that seeks to develop functional cures for chronic diseases through its Shielded Living Therapeutics™ platform, today reported financial results for the third quarter ended September 30, 2022 as well as certain other business highlights.