Eli Lilly to Acquire Houston Biotech Startup CrossBridge Bio
Just months after announcing a $6.5 billion investment in Houston, pharmaceutical giant Eli Lilly is doubling down on the region with the acquisition of local biotech startup CrossBridge Bio. Founded in 2023, CrossBridge Bio is developing targeted cancer therapies known as antibody-drug conjugates, or ADCs, created by researchers at UTHealth Houston.
Commission Visit Underscores Houston’s Role in the Future of Biotech
All eyes are on the Houston region’s life sciences and biotechnology ecosystem. With the recent $6.5 billion manufacturing announcement from Eli Lilly, the launch of San Jacinto College’s Center for Biotechnology, and hosting a delegation from the National Security Commission on Emerging Biotechnology (NSCEB) – it’s clear there is growing momentum surrounding Houston’s biotech industry.
https://houston.org/news/houston-medtech-story/
Houston is globally recognized as a powerhouse in healthcare but that’s only part of the story. Today, the region is rapidly emerging as a leader in medical technology, building on decades of innovation to drive the next generation of companies, high-quality jobs, and breakthrough solutions. Houston’s MedTech momentum isn’t new, it’s the natural evolution of a legacy that continues to scale, attract investment and shape the future of health.