LLY · 10-Q · 2026Q2 · Full report
Acquired IPR&D Charges
ELI LILLY & Co · 2026-08-05 · Importance 77 · Surprise 82 · Matches filing data
Acquired in-process research and development charges were $2,776 million in the second quarter of 2026 and $3,360 million in the first six months. The six-month 2026 amount compared with $1,726 million in the first six months of 2025. Charges in 2026 were primarily related to the acquisitions of Orna and Ajax. Higher acquired IPR&D charges reduced net income and increased the effective tax rate because the charges were nondeductible.
Key facts
- Acquired IPR&D charges for the six months ended June 30, 2026: $3,360 million, compared with $1,726 million for the six months ended June 30, 2025. source
- Acquired IPR&D charges for the three months ended June 30, 2026: $2,776 million. source
- Acquired IPR&D charges for the three and six months ended June 30, 2026 were primarily related to the acquisitions of Orna and Ajax. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | negative | realized | -12.1% | Acquired IPR&D charges for the three months ended June 30, 2026: $2,776 million. |
| operating_income | negative | realized | -7.1% | Acquired IPR&D charges for the six months ended June 30, 2026: $3,360 million, compared with $1,726 million for the six months ended June… |