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Why Eli Lilly (LLY) Stock Is Up Today
StockStory37d agoneutral
Why Eli Lilly (LLY) Stock Is Up Today

Shares of global pharmaceutical company Eli Lilly (NYSE:LLY) jumped 3% in the afternoon session after the company announced two deals, acquiring rights to a preclinical Alzheimer's drug and entering a collaboration for an ion channel program.

Eli Lilly (LLY) Adds Neuroscience And Lung Cancer Research Deals
Simply Wall St.37d agoneutral
Eli Lilly (LLY) Adds Neuroscience And Lung Cancer Research Deals

Eli Lilly (NYSE: LLY) announced new global collaborations focused on ion channel drug discovery with OmniAb and a trial partnership with Amplia Therapeutics in KRAS G12C-mutant lung cancer. The OmniAb agreement centers on applying its ion channel platform to Eli Lilly's neuroscience research pipeline. The Amplia collaboration targets a clinical trial program that combines FAK and KRAS G12C-directed therapies for lung cancer patients. These deals expand Eli Lilly's external R&D partnerships...

Fulcrum Therapeutics & Slate Medicines Merge for Next-Generation Migraine Therapies
Exec Edge38d agoneutral
Fulcrum Therapeutics & Slate Medicines Merge for Next-Generation Migraine Therapies

By Karen Roman Fulcrum Therapeutics, Inc. (Nasdaq: FULC) said it is merging with Slate Medicines, Inc. to advance next-generation therapeutics to treat migraine and other headache disorders, with the combining company operating as Slate Medicines, Inc. and trading on Nasdaq under the ticker “SLTE.” Slate reported it secured an oversubscribed concurrent private placement of $245 […] The post Fulcrum Therapeutics & Slate Medicines Merge for Next-Generation Migraine Therapies appeared first on Exec

Can Eli Lilly (LLY) Stay Undervalued If Growth Keeps Delivering?
Simply Wall St.38d agoneutral
Can Eli Lilly (LLY) Stay Undervalued If Growth Keeps Delivering?

Eli Lilly stock trades around US$1,180 per share after a very strong five year run. Current checks suggest the intrinsic value estimate from a Discounted Cash Flow (DCF) model still sits meaningfully above that price, while the market multiples look closer to fair. Eli Lilly has delivered a 361.1% total return over the past five years, which sets a high bar for any further upside from here. Expectations around long term demand and pricing for its obesity and diabetes treatments can support...

Eli Lilly and Company (LLY)’s Weight-Loss Pill Just Won Its First Race in Europe. Novo Nordisk A/S (NVO) Still Has a Head Start
Insider Monkey38d agoneutral
Eli Lilly and Company (LLY)’s Weight-Loss Pill Just Won Its First Race in Europe. Novo Nordisk A/S (NVO) Still Has a Head Start

On August 10, Eli Lilly and Company (NYSE:LLY)’s weight-loss pill Foundayo won approval in the UK, becoming the first country in Europe to clear the drug for both weight management and type 2 diabetes. It’s only the second GLP-1 pill approved in Europe, arriving two months after Novo Nordisk A/S (NYSE:NVO)’s Wegovy pill got its […]

Eli Lilly’s (LLY) Growth Story Keeps Adding Chapters
Insider Monkey40d agoneutral
Eli Lilly’s (LLY) Growth Story Keeps Adding Chapters

On August 5, Eli Lilly (NYSE:LLY) told investors its second quarter delivered 48% revenue growth, and the days since have brought even more good news. A UK regulatory approval, a new Medicare access program, and a pipeline addition have all landed in the same short stretch. For a stock that already dominates weight loss, the […]