Eli Lilly Acquires Morphic to Expand IBD Treatment Portfolio
Eli Lilly acquires Morphic to boost its gastroenterology pipeline, focusing on IBD treatment innovations.
Breaking News
Aug 17, 2024
Mrudula Kulkarni
The biopharmaceutical company Morphic Holding, Inc., which
is developing oral integrin therapies for treating serious chronic diseases,
including inflammatory bowel disease (IBD), has been acquired by Eli Lilly and
Co. MORF-057 is a selective oral small molecule inhibitor of α4β7 integrin.
Daniel Skovronsky, M.D., Ph.D., chief scientific officer of
Lilly and president of Lilly Research Laboratories and Lilly Immunology,
stated, "We hold promise in improving outcomes and expanding treatment
options for people with devastating conditions like IBD." "We are
committed to exploring innovative approaches for immunologic diseases,"
Skovronsky added. "By leveraging the solid foundation of Omvoh, our
first-in-class molecule that has been approved and launched globally for ulcerative
colitis and is undergoing regulatory review for Crohn's disease, we are
strengthening our growing capabilities in gastroenterology with the acquisition
of Morphic." Additionally, the purchase gives Lilly the opportunity to
investigate prospective combo therapies that can benefit patients in ways that
go beyond what is now achievable with existing medications."