Eli Lilly Acquire Alnara Pharmaceuticals

Pharmaceutical Jobs, Pharmaceutical Recruitment, UKThe global pharmaceutical company Eli Lilly have signed an agreement to acquire the biotechnology company Alnara Pharmaceuticals.

Alnara Pharmaceuticals primarily focus on developing protein therapeutics.  The acquisition of Alnara will provide Lilly with access to the enzyme replacement therapy market.

As it stands, Lilly’s  main research area is centred around neuroscience, oncology and diabetes. However, the firm is keen to expand into other therapeutic areas as Lilly’s President of Biomedicines, Bryce Carmine explained. Bryce said the deal “provides Lilly with a promising entry into enzyme replacement therapy, an area with unmet medical needs as well as opportunities for novel compounds that give patients additional treatment options.”

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