Eli Lilly and Company has completed its previously announced acquisition of US-based CoLucid Pharmaceuticals for approximately $960m.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The acquisition was announced in January this year and will enable Eli Lilly to improve its existing portfolio in pain management for migraine.

Eli Lilly and Company president and CEO David Ricks said: "We are pleased to announce the completion of our acquisition of CoLucid, which will enhance Lilly's existing pain management portfolio and add a potential near-term launch to our late-stage pipeline.

"More than 36 million people suffer from migraines in the US alone, and lasmiditan could represent the first significant innovation for its acute treatment in more than 20 years."

Upon completion of the merger, CoLucid became a wholly owned subsidiary of Lilly.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
"More than 36 million people suffer from migraines in the US alone, and lasmiditan could represent the first significant innovation for its acute treatment in more than 20 years."

CoLucid is developing lasmiditan oral tablets for the acute treatment of migraine in adults and intravenous lasmiditan to treat headache associated with migraine in adults.

Lasmiditan is expected to be a first-in-class therapy to treat migraine through a new mechanism of action without vasoconstriction, if approved.

This tablet will be a key addition to Lilly's emerging pain management pipeline, which includes galcanezumab, a potential medicine that is currently in Phase III clinical development to prevent migraine and cluster headache.

Originally Lasmiditan was discovered at Lilly and was out-licensed in 2005 to CoLucid, which has taken important steps to decrease the risk related to its development and commercialisation over the past 12 years. When it was out-licensed, pain management was not a strategic area of focus for Lilly.

Image: Eli Lilly and Company's global headquarters in Indianapolis, Indiana, US. Photo: courtesy of Guanaco152003.