Looking to catch up with Novo Nordisk A/S and stay competitive in the burgeoning obesity/weight-loss therapy space, Eli Lilly and Company agreed to pay up to $1.925bn on 14 July for privately held Versanis Bio bringing in a Phase II obesity candidate that could offer therapeutic synergy with Lilly’s Mounjaro (tirzepatide) and a pair of late-stage candidates in development by the Indianapolis pharma.
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