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Eli Lilly Stock Leads in GLP-1 Race with its Triple Agonist Drug
MarketBeat· 2024-07-09 11:18
LLY $918.00 52-Week Range $434.34 $928.60 P/E Ratio 135.20 By all accounts, Eli Lilly's Tirzepatide, the active ingredient in Mounjaro and Zepbound, is superior on paper to Semaglutide, the active ingredient in Ozempic and Wegovy, because it targets two hormones compared to one. However, currently in Phase 2 clinical trials, its secret weapon for weight loss targets three hormones as the ultimate triple threat. Eli Lilly operates in the medical sector, facing competition from upcoming GLP-1 contenders from ...
Eli Lilly Stock Up: GLP-1 Zepbound Targets Sleep Apnea Market
MarketBeat· 2024-07-01 14:39
LLY Eli Lilly and Company Today Eli Lilly and Company $904.76 -0.62 (-0.07%) 52-Week Range $434.34 $915.79 Dividend Yield 0.57% P/E Ratio 133.25 Price Target $812.72 Add to Watchlist Global pharmaceutical giant Eli Lilly & Co. NYSE: LLY has made headlines with its leading GLP-1 weight loss drugs, Mounjaro and Zepbound. Mounjaro is prescribed for Type 2 diabetes but is often used off-label for weight loss. Zepbound is prescribed for obesity treatment. The active ingredient in both is Tirzepatide. Lilly submi ...
Amylyx Pharmaceuticals: Potential To Redeem Itself With Data Readouts And Possible GLP-1 Acquisition
Seeking Alpha· 2024-06-25 19:35
Relyvrio Being Pulled From The Market For ALS Was A Setback, But A New Possibility Emerges AMX0035 Has Two Shots On Goal To Possibly Boost Shareholder Value Amylyx Pharmaceuticals, Inc. (NASDAQ:AMLX) suffered a major setback this year when it voluntarily delisted its Amyotrophic lateral sclerosis [ALS] drug Relyvrio on April 4th of 2024. This was a huge blow to the company, definitely, but that doesn't mean that it doesn't have some opportunities to redeem itself in the coming years. What I'm talking about ...
Dario Demonstrates 12 Months of Sustained Healthy Behavior Change for Members Taking a GLP-1
Prnewswire· 2024-06-25 12:30
Additional research demonstrates 31% of Dario members with Type 2 diabetes achieve results reflecting diabetes remission "Standards of care for cardiometabolic health are evolving thanks to new GLP-1 medications, but research, including Dario's newest study, continues to demonstrate the importance of effective behavior change. These medications require the meaningful and sustainable change that Dario delivers for our members and our clients to support full realization of the value of these drugs," said Omar ...
Rani Therapeutics Announces Partnership with ProGen on Development of Oral Obesity Treatment
GlobeNewswire News Room· 2024-06-24 11:00
~ New RT-114 obesity program combines ProGen's FC Fusion protein conjugated GLP-1/GLP-2 dual agonist, PG-102, with the RaniPill® capsule designed to provide a differentiated oral delivery mechanism with bioavailability comparable to subcutaneous injection ~ ~ Rani to host conference call today at 8:00 a.m. ET/5:00 a.m. PT ~ "This partnership brings together Rani's oral biologics delivery expertise with ProGen's two decades of experience in Fc-fusion proteins to enable development of a potentially unique ora ...
Eli Lilly's Stock Surge Driven by GLP-1 Demand
MarketBeat· 2024-06-20 11:04
According to May's employment situation report (NFP), the U.S. economy added 272,000 jobs during the month. The healthcare industry took down 68,300 employees, or roughly 25.1%. More than that, Janus Henderson, Eli Lilly's largest shareholder, decided to boost its already sizeable stake in the stock in the past quarter. A 7.3% boost as of May 2024 brought the asset manager's position up to $2.8 billion today. There's always a good reason for markets to push stocks near their 52-week highs. Investors can now ...
Hims & Hers: The Undervalued Gem Poised For Growth
Seeking Alpha· 2024-06-18 07:05
Editor's note: Seeking Alpha is proud to welcome Evan Urbanski as a new contributing analyst. You can become one too! Share your best investment idea by submitting your article for review to our editors. Get published, earn money, and unlock exclusive SA Premium access. Click here to find out more » Trevor Williams Pixabay via Pexels KEY HIGHLICHTS → Current guidance suggests revenues between $292 million for Q2 24 (40%-43% YoY growth) and FY 2024 revenues at between $1.2 billion and $1.3 billion (38%-41% Y ...
How Eli Lilly is managing soaring demand for GLP-1s, according to outgoing CFO Anat Ashkenazi
CNBC· 2024-06-17 13:00
"You have to be a really good student of the business and understand it inside and out and understand the industry," she told CNBC in an interview before her departure announcement. "Only when we understand the full system, can we navigate it well so that we bring value to it…That's my role as CFO." Eli Lilly's boom in revenue has allowed the company to invest heavily to scale up manufacturing, which will eventually get more medicine into patients' hands, Ashkenazi said. Ashkenazi, who will step in as the n ...
Hims & Hers Health Soars on Generic GLP-1 Rollout Plans
MarketBeat· 2024-06-03 11:42
Key Points Him & Hers Health Inc. NYSE: HIMS provides a direct-to-consumer (DTC) health and wellness platform. The company was best known for prescribing treatments for erectile dysfunction (ED) through brand and generic versions of Pfizer Inc. NYSE: PFE Viagra (Sildenafil) and Eli Lilly & Co. NYSE: LLY Cialis (Tadalafil). The company has since expanded its treatments to include hair loss, skincare, behavioral health and weight loss solutions. Shares soared on its announcement of offering compounded GLP-1 ( ...
Structure Therapeutics Reports Positive Topline Data from its Phase 2a Obesity Study and Capsule to Tablet PK Study for its Oral Non-Peptide Small Molecule GLP-1 Receptor Agonist GSBR-1290
GlobeNewswire News Room· 2024-06-03 11:30
GSBR-1290 achieved a clinically meaningful and statistically significant placebo-adjusted mean weight loss of 6.2% (p<0.0001) in the Phase 2a obesity study and up to 6.9% (p<0.0001) in the capsule to tablet PK study, in both cases at 12 weeks GSBR-1290 demonstrated generally favorable safety and tolerability results with low AE-related study discontinuations Pharmacokinetic data support dose proportional exposure and once-daily oral dosing of GSBR-1290 36-week Phase 2b study in obesity on track to begin in ...