Mergers and acquisitions

Eli Lilly's buyout of Loxo Oncology took only 2 weeks

Eli Lilly's logo on a phone screen.
Photo: Igor Golovniov/SOPA Images/LightRocket via Getty Images

Pharmaceutical company Eli Lilly made its first offer to buy Loxo Oncology on Dec. 20, 2018, and it was eager to close the deal before the J.P. Morgan Healthcare Conference last week, according to new regulatory documents filed by Loxo.

Between the lines: Acquisitions usually take several months of negotiations, not 2 weeks, but both sides in this $8 billion deal moved extraordinarily quickly in part to make a big splash at the health care industry's signature event.

Expert Voices

The next stage of the AV industry: consolidating and refocusing

Illustration of road sign with multiple arrows merging
Illustration: Sarah Grillo/Axios

Dozens of AV-related companies have launched in the past few years, but recent consolidation suggests there may be a limit to how many companies can muster the data and talent to succeed.

The big picture: As saturation continues into 2019, players lacking in capital face a choice between joining a more powerful player and narrowing their focus.

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