According to documents submitted to the U.S. Securities and Exchange Commission, Centessa Pharmaceuticals plc announced that a key closing condition for its transaction with Eli Lilly has been satisfied—the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act.
According to documents submitted to the U.S. Securities and Exchange Commission, Centessa Pharmaceuticals plc announced that a key closing condition for its transaction with Eli Lilly has been satisfied—the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act.
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This development marks a significant step toward the final completion of the transaction. The expiration of the HSR Act waiting period has removed a major regulatory obstacle facing the transaction, clearing the way for both parties to proceed with the next steps. Other customary closing conditions for the transaction, including obtaining shareholder approval, still need to be satisfied. Both parties will continue to focus on completing the transaction within the agreed timeframe.
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