Eli Lilly completes acquisition of Adverum Biotechnologies

  • Eli Lilly (LLY) has completed its acquisition of Adverum Biotechnologies (ADVM), and with it, gains the gene therapy candidate, Ixo-vec, for wet age-related macular degeneration.
  • Lilly is paying $3.56 in cash per Adverum share, plus a contingent value right worth up to

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