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Stock impact report

Jim Cramer Believes Eli Lilly's “Weight Loss Pill Will Be a Blockbuster” [Yahoo! Finance]

Eli Lilly and Company (LLY) 
Last eli lilly and company earnings: 4/23 06:25 am Check Earnings Report
US:NYSE Investor Relations: investor.lilly.com
Company Research Source: Yahoo! Finance
rally . Cramer highlighted the FDA approval of the company's new weight loss pill and its acquisition of Centessa Pharmaceuticals, as he stated: Today, we got big news from Eli Lilly. The Indianapolis colossus got approval for Foundayo, which is now the only GLP-1 weight loss pill that can be taken any time of day without food or water restrictions. It's almost as strong as the injections. Starts at $25 per month of commercial coverage or between $149 and $349 per month if you're paying out of pocket. When placed head-to-head against the competing pill from Novo Nordisk, I think Lilly's got a winner… Ironically, though, the biggest news from Lilly may have been something that happened yesterday. That's the acquisition of Centessa Pharmaceuticals, a biotech company, for $7.8 billion. Centessa is trying to combat narcolepsy and other neurological disorders. They're working on a neuropeptide called orexin, which is apparently something that people with narcolepsy are missing or don't Show less Read more
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