Money Eli Lilly to buy Loxo Oncology for about $8 billion in cancer drug push January 7, 2019 Ben Tobin, USA TODAY Comments Off on Eli Lilly to buy Loxo Oncology for about $8 billion in cancer drug push Eli Lilly and Co. announced Monday it will acquire Loxo Oncology for about $8 billion in cash. The move signals a push into the cancer drug industry.