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Stock impact report

Jim Cramer Likes Eli Lilly's (LLY) New Deal [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
Pharma giant Eli Lilly and Company (NYSE:LLY) is one of Jim Cramer's favorite stocks in the sector. Its shares are up by 18.6% over the past year and down by 13.4% year-to-date. However, over the past five days, Eli Lilly and Company (NYSE:LLY)'s stock is up by 4.6%. It closed 7.6% higher between March 30th and April 1st. On March 31st, the firm announced that it would acquire sleep disorder treatment maker Centessa for a $7.8 billion price tag. Estimates from analysts suggested that Centessa's drugs could represent a market that is as large as $20 billion. On April 1st, the Food and Drug Administration (FDA) approved Eli Lilly and Company (NYSE:LLY)'s GLP-1 weight loss pill called Foundayo. Cramer commented on the acquisition: “You know, one of the things that your eyes glaze over in these deals, that are under ten billion. They bought Centessa for 7.8 billion and I just said, oh it was just a sleep disorder thing. No, it's a peptide, that impacts brain for many, many different wa Show less Read more
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