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Corporate Score 56 Bullish

Eli Lilly To Buy Centessa Pharma For Up To $7.8 Billion; Centessa Shares Skyrocket

Mar 31, 2026 13:25 UTC
LLY, CNTA, XBI, XLV
Short term

Eli Lilly To Buy Centessa Pharma For Up To $7.8 Billion; Centessa Shares Skyrocket.

  • Eli Lilly will acquire Centessa Pharma for up to $7.8 billion
  • Centessa shares are surging on the takeover premium, with limited broader market impact

Eli Lilly (LLY) announced what an analyst called an "incredibly smart" acquisition Tuesday, maneuvering into the sleep-wake disorders space with the takeover of Centessa Pharmaceuticals (CNTA) for up to $7.8 billion. Centessa stock surged 44%, closing at 39.72, while Lilly shares jumped 3.7% to 919.77. The small biotech company is working on treatments for narcolepsy and idiopathic hypersomnia. Its drugs…

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