Eli Lilly to Buy Loxo Oncology for $8 Billion
An Eli Lilly & Co. logo is seen on the cap of a pill bottle in this arranged photograph at a pharmacy in Princeton, Illinois, U.S. (Daniel Acker/Bloomberg)

Eli Lilly to Buy Loxo Oncology for $8 Billion

(Bloomberg) -- Eli Lilly & Co. will acquire Loxo Oncology Inc. for about $8 billion in cash, the second multibillion-dollar cancer deal of the year by a major U.S. pharmaceutical company.
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