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Eli Lilly – Orna Therapeutics

Waiver
Not approved

Stage

Waiver application

Waiver Application Date

24/02/2026

Determination Published

12/03/2026 (16 cal / 11 bus. days)

Determination

Not approved

Acquirers

Eli Lilly and Company

IRS Employer Identification Number 350470950

Targets

Orna Therapeutics Holdings, LLC

IRS Employer Identification Number 861182936

Other parties

Shareholder Representative Services, LLC

BLJX Acquisition, LLC

Description

Eli Lilly and Company (Eli Lilly) proposes to acquire 100% of the issued shares in Orna Therapeutics Holdings, LLC (Orna Therapeutics) pursuant to an Agreement and Plan of Merger.

Eli Lilly is a US-based pharmaceutical company, which discovers, develops, manufactures and markets human pharmaceutical products for various therapeutic areas, including diabetes, oncology, immunology and neuroscience. Eli Lilly is headquartered in Indianapolis, US and is publicly listed on the New York Stock Exchange.

Orna Therapeutics is a US-based pre-clinical biotechnology company developing a new class of engineered circular RNA (oRNA) therapeutics and immune tropic lipid nanoparticles (LNP) delivery technologies for the treatment of autoimmune disorders, and cancer conditions. Orna Therapeutics has a pipeline of pre-clinical in vivo Chimeric Antigen Receptor T-cell (CAR-T) therapies designed to treat B cell-driven autoimmune diseases.

Timeline & Events

  • Waiver application determination: Not approved

    12/03/2026

  • Merger notified to ACCC

    24/02/2026