Eli Lilly Agrees to Acquire Merida Biosciences for $2.88 Billion

Lilly to Buy Merida for $2.88B in Autoimmune Push

Bloomberg's Michelle Davis joins Dani Burger on "Bloomberg Deals." Eli Lilly plans to buy Merida Biosciences Inc. for as much as $2.88 billion in cash to expand in autoimmune and allergic diseases, part of an effort to build beyond the weight-loss and diabetes markets that made it the largest pharmaceutical company in the world. (Source: Bloomberg)