Biotechnology In 2025, when Eli Lilly acquired Scorpion Therapeutics’ mutant-selective PI3Kα inhibitor program, Antares Therapeutics - a biotechnology company developing transformational, first-in-class precision medicines focused on validated, undruggable targets in cancer and other serious diseases with significant unmet need - was spun out of the deal with $177 million in Series A financing. 24 June 2026