Why Novo Nordisk and Eli Lilly Stocks Slipped Today
Lilly(US:LLY) The Motley Fool·2024-02-27 23:01The arrival of a potential new rival in an important product category dinged the share prices of pharmaceutical companies Novo Nordisk (NVO -1.02%) and Eli Lilly (LLY -0.90%) on Tuesday. Both slumped by around 1% on the day, contrasting unfavorably with the slight (0.2%) gain of the benchmark S&P 500 index.Viking invasionThe pharmaceutical star of the day was neither of those two companies. Instead, the spotlight shone on the lesser-known Viking Therapeutics (VKTX 121.02%). On Tuesday, Viking announced that ...