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# 💊 Eli Lilly Acquired Morphic Holding. $350M+ VC Funding.
- URL: https://newsletters.qs.com/eli-lilly-acquired-morphic-holding-350m-vc-funding/
- Published: 2024-08-19T11:00:58.000Z
- Updated: 2024-08-19T11:00:57.000Z
- Description: Daily Impact Deals #161 looks at major deals and M&A in impact industries and upcoming economic releases.
- Author: QS
- Tags: Deals

[**Salem**](https://en.wikipedia.org/wiki/Kazakh%5Flanguage?ref=newsletters.qs.com)🏔️  
  
📈 **Today's Global Economic Update:** U.S. building permits [fell by 4% to 1.396 million in July 2024](https://www.census.gov/?ref=newsletters.qs.com), the lowest in four years. Significant declines were seen in the Midwest, South, and West, while the Northeast reported an increase.

🏥 **Deal of the Day:** Caresyntax, an AI-based precision surgery technology company, raised a [$180M Series C](https://medcitynews.com/2024/08/surgery-ai-hospital/?ref=newsletters.qs.com) to make hospital operating rooms more efficient.

**What's New?**  
📚 **Education.** Admission management   
**🌍 Climate.** Carbon capture and solar  
**🩺 Health.** Precision surgery, hair loss treatment & biopharma  
📅 **Economics.** Euro area inflation, US GDP, personal income & spending+ more

## **🌍** Climate  

🌿 **Svante Technologies,** a Vancouver-based company that provides carbon capture and removal solutions, received a [$100M](https://www.pehub.com/canada-growth-fund-pumps-100m-into-svante-technologies/?ref=newsletters.qs.com) investment from The Canada Growth Fund.

☀️ **NOVA Infrastructure** has [acquired](https://solarindustrymag.com/nova-acquires-uge-international?ref=newsletters.qs.com) UGE International, a company that develops and operates solar and battery storage projects.

## 🩺 Health

## 

🏥 **Caresyntax,** an AI-based precision surgery technology company, raised a [$180M Series C](https://medcitynews.com/2024/08/surgery-ai-hospital/?ref=newsletters.qs.com) to make hospital operating rooms more efficient.

🧬 **Pelage Pharmaceuticals,** a regenerative medicine company, raised a [$14M Series A-1 ](https://pulse2.com/pelage-pharmaceuticals-14-million-series-a-1-raised-in-round-led-by-gv-to-address-hair-loss-treatments/?ref=newsletters.qs.com)from GV to address hair loss treatment PP405.

💊 **Eli Lilly and Company,** anmerican pharmaceutical company, [acquired](https://www.prnewswire.com/news-releases/lilly-completes-acquisition-of-morphic-to-improve-outcomes-and-expand-options-for-people-living-with-inflammatory-bowel-disease-302224347.html?ref=newsletters.qs.com) Morphic Holding, Inc., a biopharmaceutical company developing oral integrin therapies for inflammatory bowel disease.

## 📚 Education

## 

🎓 **CTPL**, an Indian-based admission management company, raised a [$4M Series A](https://money.rediff.com/news/market/ctpl-raises-usd-4-million-in-funding-round-for-edtech-growth/14440220240818?ref=newsletters.qs.com) to expand its tech-driven solutions and global reach.

## **📅** Economic Calendar

Euro Area Inflation, US GDP, Personal Income & Spending + More

### Monday, August 19th 2024

[🇦🇺 Australia RBA Meeting Minutes](http://www.rba.gov.au/?ref=newsletters.qs.com)

### Tuesday, August 20th 2024

[🇨🇦 Canada Inflation Data, July](http://www.statcan.gc.ca/?ref=newsletters.qs.com)  
[🇯🇵 Japan Balance of Trade, July](https://www.mof.go.jp/english/index.htm?ref=newsletters.qs.com)

### Wednesday, August 21st 2024

[🇺🇸 US FOMC Minutes](http://www.federalreserve.gov/)

### Thursday, August 22nd 2024

[🇩🇪 Germany HCOB Manufacturing PMI (Flash), August](https://www.pmi.spglobal.com/public?ref=newsletters.qs.com)  
[🇯🇵 Japan Inflation Data, July](http://www.stat.go.jp/?ref=newsletters.qs.com)

### Monday, August 26th 2024

[🇩🇪 Germany Ifo Business Climate, August](https://www.ifo.de/?ref=newsletters.qs.com)  
[🇺🇸 US Durable Goods Orders Data, July](https://www.census.gov/?ref=newsletters.qs.com)

### Tuesday, August 27th 2024

[🇦🇺 Australia Monthly CPI Indicator, Ju](https://www.abs.gov.au/?ref=newsletters.qs.com)ly

### Wednesday, August 28th 2024

[🇩🇪 Germany GfK Consumer Confidence](https://www.gfk.com/de/?ref=newsletters.qs.com), September

### Thursday, August 29th 2024

[🇩🇪 Germany Inflation Data (Preliminary), ](https://www.destatis.de/DE/Home/%5Finhalt.html?ref=newsletters.qs.com)August  
[🇺🇸 US GDP Growth Data, Q2](http://www.bea.gov/?ref=newsletters.qs.com)

### Friday, August 30th 2024

[🇯🇵 Japan Consumer Confidence Index, August](https://www.cao.go.jp/?ref=newsletters.qs.com)  
[🇫🇷 France Inflation Data (Preliminary), August](https://www.insee.fr/fr/accueil?ref=newsletters.qs.com)  
[🇪🇦 Euro Area Inflation Data Flash, ](https://ec.europa.eu/eurostat/?ref=newsletters.qs.com)[Augus](https://www.insee.fr/fr/accueil?ref=newsletters.qs.com)t  
[🇮🇹 Italy Inflation Data (Preliminary), July](https://www.istat.it/?ref=newsletters.qs.com)  
[🇮🇳 India GDP Growth Data, Q2](https://www.mospi.gov.in/?ref=newsletters.qs.com)  
[🇨🇦 Canada Growth Data, Q2](https://www.statcan.gc.ca/?ref=newsletters.qs.com)  
[🇺🇸 US Core PCE Price Index, July](https://www.bea.gov/?ref=newsletters.qs.com)  
[🇺🇸 US Personal Income & Spending Data, July](https://www.bea.gov/?ref=newsletters.qs.com)  
[🇨🇳 China NBS Manufacturing PMI, ](https://www.stats.gov.cn/?ref=newsletters.qs.com)[ August](https://www.pmi.spglobal.com/public?ref=newsletters.qs.com)

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