Eli Lilly to target cancer drug developers for deals

The logo and ticker for Eli Lilly and Co. are displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 18, 2018. REUTERS/Brendan McDermid/File Photo

(Reuters) – Eli Lilly and Co will target cancer drug developers for deals, Chief Executive Officer Dave Ricks said on a post-earnings conference call on Wednesday.

“Probably because of the number of opportunities, you will see us active in oncology – that’s where a lot of early stage biotech is,” Ricks said.

Reporting by Manas Mishra in Bengaluru; Editing by Sriraj Kalluvila

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source: reuters.com

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