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0.000607345336378403 0.000809868748860838 -0.00202399716894532 -0.00282801849001649 -0.00764652388972244 -0.0089284599820596 -0.00909713578368289 -0.0101879059675137
Stock impact report

Lilly Spends $2.3 Billion on Something That Isn't a GLP-1 [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
Eli Lilly announced Monday it would acquire Ajax Therapeutics, a privately held blood cancer specialist, for up to $2.3 billion in cash. In the current pharmaceutical zeitgeist, that almost qualifies as an act of genuine contrarianism. To understand why, consider what Lilly has become: the GLP-1 company. Tirzepatide, sold as Mounjaro for diabetes and Zepbound for obesity, has turned Lilly into one of the most valuable companies on earth, the kind of stock that gets mentioned at dinner parties by people who don't usually talk about stocks. The entire pharma industry has spent the last two years scrambling into the weight-loss drug business, throwing billions at GLP-1 pipelines like it's 2021 and the asset class is SPACs. Lilly, flush with cash and apparently feeling adventurous, is going a different direction and doing something cute like curing cancer. Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it Show less Read more
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