United States $808 Billion Biopharmaceutical Giant Eli Lilly Buys United States Clinical-Stage Biotechnology Company Kelonia Therapeutics for $7 Billion in All-Cash Deal ($3.25 Billion Upfront & $3.75 Billion Contingents), Kelonia Therapeutics Founded in 2022 by Massachusetts Institute of Technology (MIT) Professor Michael Birnbaum & Stanford University Professor Michael Fischbach

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United States $808 Billion Biopharmaceutical Giant Eli Lilly Buys United States Clinical-Stage Biotechnology Company Kelonia Therapeutics for $7 Billion in All-Cash Deal ($3.25 Billion Upfront & $3.75 Billion Contingents), Kelonia Therapeutics Founded in 2022 by Massachusetts Institute of Technology (MIT) Professor Michael Birnbaum & Stanford University Professor Michael Fischbach

22nd April 2026 | Hong Kong

United States biopharmaceutical giant Eli Lilly ($808 billion market value) has announced to buy United States clinical-stage biotechnology company Kelonia Therapeutics $7 billion ($3.25 billion upfront & $3.75 billion contingents) in all-cash deal.  Kelonia Therapeutics was founded in 2022 by Massachusetts Institute of Technology (MIT) Associate Professor of Biological Engineering Michael Birnbaum, Ph.D. and Stanford University Associate Professor of Bioengineering Michael Fischbach, Ph.D. (Founded as Viralogic Therapeutics in 2020).  Kelonia Therapeutics – Kelonia Therapeutics is a clinical-stage biotechnology company pioneering a new wave of genetic medicines using its in vivo gene placement system (iGPS®). Kelonia’s elegant, cutting-edge in vivo gene delivery technology uses an advanced lentiviral vector particle harboring envelope modification to improve in vivo gene transfer efficiency and tropism molecules to facilitate tissue-specific delivery. Kelonia is building a pipeline of genetic medicines across a range of diseases, with the bold goal of making CAR-T cell therapies accessible to every patient in need, when and where they need them. Kelonia’s lead candidate, KLN-1010, is an in vivo anti-BCMA CAR-T therapy for multiple myeloma being evaluated in a Phase 1 clinical trial. Kelonia was incubated and seed funded by Venrock.  Eli Lilly – Lilly is a medicine company turning science into healing to make life better for people around the world. We’ve been pioneering life-changing discoveries for nearly 150 years, and today our medicines help tens of millions of people across the globe. Harnessing the power of biotechnology, chemistry and genetic medicine, our scientists are urgently advancing new discoveries to solve some of the world’s most significant health challenges: redefining diabetes care; treating obesity and curtailing its most devastating long-term effects; advancing the fight against Alzheimer’s disease; providing solutions to some of the most debilitating immune system disorders; and transforming the most difficult-to-treat cancers into manageable diseases. With each step toward a healthier world, we’re motivated by one thing: making life better for millions more people.

“ United States $808 Billion Biopharmaceutical Giant Eli Lilly Buys United States Clinical-Stage Biotechnology Company Kelonia Therapeutics for $7 Billion in All-Cash Deal ($3.25 Billion Upfront & $3.75 Billion Contingents), Kelonia Therapeutics Founded in 2022 by Massachusetts Institute of Technology (MIT) Professor Michael Birnbaum & Stanford University Professor Michael Fischbach “

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United States $808 Billion Biopharmaceutical Giant Eli Lilly Buys United States Clinical-Stage Biotechnology Company Kelonia Therapeutics for $7 Billion in All-Cash Deal ($3.25 Billion Upfront & $3.75 Billion Contingents), Kelonia Therapeutics Founded in 2022 by Massachusetts Institute of Technology (MIT) Professor Michael Birnbaum & Stanford University Professor Michael Fischbach

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