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Stock impact report

Why Eli Lilly Stock Beat the Market Today While ResMed and AdaptHealth Sank [Yahoo! Finance]

ResMed Inc. (RMD) 
Last resmed inc. earnings: 4/30 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Some good news from a clinical trial conducted by Eli Lilly (NYSE: LLY) boosted the share price of the pharmaceutical giant (by 0.5%) on Wednesday, leaving several rivals in the dust. These included device makers ResMed (NYSE: RMD) , whose stock suffered a 6% blow, and AdaptHealth (NASDAQ: AHCO) , with a nearly 2% decline. One very useful molecule Before market open, Eli Lilly announced that its molecule tirzepatide had achieved its primary endpoints in a set of phase 3 clinical trials. The studies aimed to judge its efficacy in treating obstructive sleep apnea (OSA), a common disorder in which people struggle to breathe properly while asleep. The company said that tirzepatide had been shown to significantly reduced the apnea-hypopnea index (AHI) compared to a placebo. The AHI, which measures how frequently a patient's breathing is restricted or blocked, is considered an important measure of the condition's severity. Tirzepatide is the basis for Mounjaro and Zepbound, the pha Show less Read more
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