LLY - Eli Lilly and Company
| Previous Close | 117.49 |
| Open | 118.29 |
| Bid | 118.15 x 800 |
| Ask | 118.19 x 900 |
| Day's Range | 117.23 - 118.43 |
| 52 Week Range | 77.09 - 132.13 |
| Volume | 1,289,222 |
| Avg. Volume | 17,217,820 |
| Market Cap | 114.707B |
| Beta (3Y Monthly) | 0.54 |
| PE Ratio (TTM) | 37.75 |
| EPS (TTM) | 3.13 |
| Earnings Date | Apr 30, 2019 |
| Forward Dividend & Yield | 2.58 (1.99%) |
| Ex-Dividend Date | 2019-02-14 |
| 1y Target Est | 124.93 |
- Reuters•yesterday
Teva stops testing its migraine drug as cluster headache treatment
Teva Pharmaceutical Industries Ltd said on Tuesday it would stop developing its migraine drug, Ajovy, for treating cluster headaches after the company found the treatment was unlikely to meet the main goal of a late-stage trial. The drug, known generically as fremanezumab, competes with rival treatments from Eli Lilly & Co and Amgen Inc . Lilly in November received the U.S. Food and Drug Administration's "breakthrough" status for its migraine drug Emgality in treating episodic cluster headaches.
- Benzinga•yesterday
The Daily Biotech Pulse: FDA Accepts Alder's Migraine Drug Application, Gritstone Offering, Lilly's Chinese Sale
Here's a roundup of top developments in the biotech space over the last 24 hours. Scaling The Peaks (Biotech stocks hitting 52-week highs on April 22) Moleculin Biotech Inc (NASDAQ: MBRX ) (announcement ...
- PR Newswire•2 days ago
Lilly Announces Sale of Legacy Antibiotics Brands and Manufacturing Facility in China
INDIANAPOLIS, April 22, 2019 /PRNewswire/ -- Eli Lilly and Company (LLY) today announced that it has entered into an agreement to sell the rights in China for two legacy Lilly antibiotic medicines, Ceclor® and Vancocin®, as well as a manufacturing facility in Suzhou, China that produces Ceclor, to Eddingpharm, a China-based specialty pharmaceutical company. Under the terms of the agreement, Lilly will receive a deposit of $75 million, followed by a payment of $300 million upon successful closing of the transaction. As part of the transaction, all employees at the Ceclor manufacturing facility and certain employees from shared functions will be offered the opportunity to remain at the facility and continue to work with Eddingpharm.
- TheStreet.com•2 days ago
Eli Lilly Falls Despite Positive Phase 3 Results From Taltz Study
sank about 1% to $114.26 Monday even though the company said its drug Taltz saw positive results from a Phase 3 study. Eli Lilly said the Phase 3 study of Taltz met both primary and secondary endpoints in treating a subset of patients with axial spondyloarthritis, or axSpA, a chronic inflammatory disease affecting predominantly the sacroiliac joints and the axial skeleton and is estimated to affect 4.5 million adults worldwide. Taltz met the primary endpoint at both week 16 and week 52, the Indianapolis-based company said, demonstrating a statistically significant improvement in the signs and symptoms of nr-axSpA.
- Simply Wall St.•2 days ago
Update: Eli Lilly (NYSE:LLY) Stock Gained 97% In The Last Five Years
It might be of some concern to shareholders to see the Eli Lilly and Company (NYSE:LLY) share price down 10% in the last month. Looking further back, the stock has generated good profits over five years. It has return...
- Benzinga•2 days ago
Eli Lilly-Pfizer's Non-Opioid Painkiller Faces Safety, Efficacy Concerns
Lilly and partner Pfizer Inc. (NYSE: PFE) said in a Thursday news release the Phase 3 study intended to evaluate tanezumab in 2.5mg and 5mg doses for its long-term safety and 16-week efficacy relative to nonsteroidal anti-inflammatory drugs, or NSAIDs, in patients with moderate-to-severe osteoarthritis of the hip or knee produced mixed results. Tanezumab is an investigational monoclonal antibody that selectively targets, binds and inhibits nerve growth factor, or NGF, which increases as a result of injury, inflammation or in chronic pain states.
- MarketWatch•2 days ago
Eli Lilly stock down 3.4% despite positive Phase 3 findings for Taltz
Shares of Eli Lilly and Co. were down 3.4% in premarket trade Monday despite the company's announcement that a Phase 3 study of its drug Taltz had met both primary and secondary endpoints in treating a subset of patients with axial spondyloarthritis. Patients on Taltz, a monoclonal antibody, showed a statistically significant improvement in symptoms 16 and 52 weeks after starting treatment, the company said. The drug's safety profile remained the same as before -- Taltz has been shown to increase a person's risk of getting infections and some patients have reported serious hypersensitivity reactions and exacerbations of Crohn's disease and ulcerative colitis. Taltz is currently approved to treat psoriatic arthritis and moderate-to-severe plaque psoriasis. Earlier Monday morning, Lilly announced a licensing and research collaboration with Avidity Biosciences, Inc., a privately-held biotech company that has developed a platform using properties of monoclonal antibodies and oligonucleotide-based therapeutics to target genetic diseases. Under the terms of the agreement, Lilly will pay Avidity $20 million upfront and make an additional investment in the company of $15 million. Avidity will be eligible to receive up to $405 million in milestone payments, as well as tiered royalties depending on product sales. Sharse of Eli Lilly have fallen 0.5% so far this year, while the S&P 500 has gained 15.9%.
- PR Newswire•2 days ago
Lilly Announces Positive Top-Line Results for COAST-X, a 52-Week Placebo-Controlled Study of Taltz® (ixekizumab) in Patients with Non-Radiographic Axial Spondyloarthritis
INDIANAPOLIS , April 22, 2019 /PRNewswire/ -- Eli Lilly and Company (NYSE: LLY) announced today that Taltz ® (ixekizumab) met the primary and all major secondary endpoints in COAST-X, a Phase 3 study ...
- PR Newswire•2 days ago
Lilly and Avidity Biosciences Announce Licensing and Research Collaboration
INDIANAPOLIS and LA JOLLA, Calif., April 22, 2019 /PRNewswire/ -- Eli Lilly and Company (LLY) and Avidity Biosciences, Inc. today announced a global licensing and research collaboration focused on the discovery, development and commercialization of potential new medicines in immunology and other select indications.
- TheStreet.com•6 days ago
Jim Cramer: Diversification Is Good for Offense, Not Just Defense
This selloff, which actually started at the end of the last quarter, has taken apart the managed care stocks, the drug stocks, the devices and finally the biotechs. No matter, the fact is that every day there were moments in this tsunami where you simply couldn't believe the torrent of selling, but you most likely didn't even know what was going to spring a leak next. Being diversified is defensive, as we know: If you had all health care bought in March, you might be done for 2019! But I think, more important and less talked about, it allows you to be offensive, too.
- MarketWatch•6 days ago
Pfizer, Lilly shares decline as osteoarthritis drug misses goals in study
Shares of drug makers Pfizer Inc. and Eli Lilly & Co. declined in the extended session Thursday after the companies said a clinical study of an osteoarthritis drug didn't meet certain goals. Pfizer shares declined 1% after hours, following a 1.3% decline to close at $39.38 in the regular trading session. Lilly shares fell 1.9% after hours, following a 1.1% close lower at $115.20. The companies said that a late-stage study of their drug tanezumab at 5 mg did not show a statistically significant improvement in overall osteoarthritis symptoms compared with nonsteroidal anti-inflammatory drugs. A 2.5 mg dose did not show a statistically significant improvement in pain, physical function or patients' overall assessment, the companies said. "We are analyzing these findings in the context of the recent Phase 3 results as we assess potential next steps for tanezumab," said Ken Verburg, Pfizer's tanezumab development team leader, in a statement. "We plan to review the totality of data from our clinical development program for tanezumab with regulatory authorities."
- Reuters•6 days ago
Lower dose of Pfizer-Lilly painkiller misses main goals in late stage study
A lower dose of non-opioid painkiller developed by Pfizer Inc and Eli Lilly and Co failed to meet main goals in a late-stage study in patients with moderate-to-severe osteoarthritis of the hip or knee, the companies said on Thursday. The drug, tanezumab, belongs to a new category of pain medications that target nerve growth factor, a protein involved in the growth of nerve cells, and has been touted as a potential blockbuster. The study tested the treatment in two doses, 2.5 mg and 5 mg, comparing the long-term joint safety and effectiveness at the end of 16 weeks with painkillers that are normally prescribed to patients.
- Zacks•6 days ago
Novo Nordisk's (NVO) Share Price Rises YTD on Strong Pipeline
Share price of Novo Nordisk (NVO) has increased year to date on strong presence in the Diabetes Care market and a solid pipeline.
- Investopedia•7 days ago
Double Top Spells Trouble for 3 Health Care Stocks
Health care stocks have fallen out of favor due to sector rotation and political pressure. Explore three trading ideas to benefit from falling prices.
- Zacks•8 days ago
Radius Health (RDUS) Rallies 33.4% YTD on Robust Tymlos Sales
Radius Health's (RDUS) lead drug, Tymlos, gains traction in 2018. Let us see how the drug will fare in 2019 amid increasing competition.
- Zacks•9 days ago
J&J's Erdafitinib Gets FDA Approval for Urothelial Cancer
FDA grants approval to J&J's (JNJ) erdafitinib for metastatic urothelial cancer, a type of bladder cancer. This is J&J's second FDA approval for a new drug in less than two months
- Zacks•13 days ago
Biotechnology Market on a Tear: 5 ETFs in Spotlight
Increasing M&A deals, growing AI dominance and favorable regulatory tidings continue to accelerate the biotech market. Accordingly, ETFs with exposure to the sector continue to shine.
- Barrons.com•13 days ago
Eli Lilly Stock Was Downgraded Because Everyone Already Knows It’s Good
(LLY) stock was lower on Thursday following a downgrade from Guggenheim, which argues that the drugmaker’s strong growth outlook is already baked into the shares. Many health-care stocks had a good 2018 as tech lost its luster and the market swoon sent investors scrambling for safety, but few have fared better than Eli Lilly. Although the stock is up just under 9% in 2019, slightly trailing the broader market’s gains, it has risen 58% in the trailing 12-month period.
- Zacks•13 days ago
The Zacks Analyst Blog Highlights: Eli Lilly, Altria, Becton, Dickinson, T-Mobile and General Motors
The Zacks Analyst Blog Highlights: Eli Lilly, Altria, Becton, Dickinson, T-Mobile and General Motors
- CNBC•13 days ago
Here are the biggest analyst calls of the day: Apple, Chipotle, IBM, Xerox, U.S. Steel & more
Here are the biggest calls on Wall Street on Thursday
- MoneyShow•13 days ago
Algorithms, Derivatives and Manias- A Day of Reckoning
Stocks bottomed in March 2009. From April 2009 through the end of 2018, more than $878 billion flowed out of equity mutual funds, $778 in just the last four years, observes market timing specialist Alan Newman, editor of CrossCurrents.
- PR Newswire•14 days ago
Lilly Confirms Date and Conference Call for First-Quarter 2019 Financial Results Announcement
INDIANAPOLIS , April 10, 2019 /PRNewswire/ -- Eli Lilly and Company (NYSE: LLY) will announce its first-quarter 2019 financial results on Tuesday, April 30, 2019 . Lilly will also conduct a conference ...
- Zacks•14 days ago
Top Stock Reports for Eli Lilly, Altria & Becton Dickinson
Top Stock Reports for Eli Lilly, Altria & Becton Dickinson
- InvestorPlace•14 days ago
Is AstraZeneca Stock Worth Buying Before Earnings?
Last year's extreme sentiment fears have abated and now the equity markets are back near all-time highs. This includes stocks like AstraZeneca (NYSE:AZN) as it set a new high late last month. From that standpoint, this is not an obvious entry point into AZN stock, but whether you should buy the stock also depends on a few other factors.Source: Shutterstock Those who want to own AZN shares for the long term can afford to ignore short-term downside risk. But for most other investors who prefer to start an ownership position into a stock in the green should be slightly more surgical than just jumping in at any time.AZN stock is on a tear up 11% in 12 months. But the company will report earnings on April 26 and those events are wild. So this makes buying the stock now a short-term binary bet. Reactions to earnings scorecards are usually more to do with expectations than the actual value of a stock.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBefore you label me a hater, my caution for AstraZeneca stock here is not a dis against the company itself or its prospects. I am merely concerned with buying into a stock that is not likely to fall soon thereafter. Looking back on its prior reactions to earnings, they are split. * 10 Dow Jones Stocks Holding the Blue Chip Index Back Last quarter, the stock spiked drastically on the results, which left a giant open gap in the chart. Although this does not happen all of the time, Wall Street usually likes to fill these gaps.Since the spike to all-time highs, AZN stock has been drifting lower and testing recent support. If it loses $40 per share, it risks triggering a bearish pattern that would close the gap below. Although this is not a forecast, it is a scenario that could unfold here and investors need to be aware of it.The good news is that $39 per share is a mid-term pivot level and those tend to lend support on the way down. These are zones that the bulls and bears find interesting, so they will fight it out and create price congestion. How to Approach AZN Stock NowSo far my reservation to owning the shares immediately has been technically based. Fundamentally, AZN stock is not cheap as it sells at a price-to-earnings ratio of 47. This is more than three times as expensive as Bristol-Myers Squibb (NYSE:BMY) and twice as expensive as Apple (NASDAQ:AAPL) … to draw absolute and relative comparisons, respectively.Moreover, healthcare and biotech stocks are back in the sights of the political rifles. This is the only current bipartisan consensus topic. Both Democrats and Republicans want to vilify and persecute the drug companies. The rhetoric of both sides involves bringing legislation that would bring down the price of medicine and change the current Health Care Act. * 7 Vulnerable Stocks to Watch On Brexit News and Trade Wars These are nervous times on Wall Street. The S&P 500 has been on an extended run since the December crash and that makes investors nervous. Almost everyone I hear in the media suggests that traders are ready to sell at the first sign of trouble. So the prevailing idea is that we've come too far too fast. For some reason, they didn't say that on the way down, when last year we fell even faster and farther.But for now, we have to respect the collective and be cautious. This is not an obvious time to load up on new positions of AZN stock, even if it means I would miss out on a few upside dollars if it rips. And for those who already own AstraZeneca stock, it's not an alarm to sell out of the position. Furthermore, the options markets offer many ways I can temporarily defend my shares by selling covered calls or buying puts. Doing both would be a dollar neutral strategy.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. You can follow him as @racernic on Twitter and Stocktwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Medical Marijuana Stocks to Cure Your Portfolio * 8 Best Stocks to Buy for an April Rally * Top 20 Stocks to Buy for 20-Somethings! Compare Brokers The post Is AstraZeneca Stock Worth Buying Before Earnings? appeared first on InvestorPlace.
- CNBC•14 days ago
Sanofi sets a fixed price of insulin at $99 per month for some patients
The move is a pre-emptive one as the French drugmaker is set to testify before the House Energy and Commerce Committee on the rising prices of insulin later in the day.
