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The release is datelined "INDIANAPOLIS and CAMBRIDGE, Mass., Aug. 31, 2026" and says the companies "today announced a definitive agreement for Lilly to acquire Merida".
Merida's own copy of the joint release, posted 31 Aug 2026: up to $2.875 billion in cash including milestones, expected to close in Q4 2026.[1]
CNBC, 31 Aug 2026: Lilly said on Monday it would buy privately held Merida for up to $2.88 billion; upfront amount not disclosed; closing expected in Q4.
PharmExec: up to $2.875 billion for a precision autoantibody degradation platform led by MER511; close expected in Q4 2026 after regulatory approvals.
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