Eli Lilly Closes $7B Kelonia Therapeutics Acquisition for In Vivo CAR-T Cancer Cell Therapy Platform
Eli Lilly's acquisition of Kelonia Therapeutics — announced April 20 with $3.25 billion upfront and up to $7 billion total including milestones — illustrates the company's broader pivot beyond GLP-1 weight-loss drugs. Kelonia develops in vivo CAR-T technology that reprograms patients' T-cells inside the body, eliminating the ex vivo cell-engineering step required by current CAR-T therapies. The deal joins Lilly's recent Centessa Pharmaceuticals (sleep) and Orna Therapeutics (cell therapy) acquisitions as part of a multi-vertical pipeline diversification. Transaction expected to close H2 2026.