Eli Lilly Stock Soars on Promising Daily Weight-Loss Pill
What: Eli Lilly announced that their daily oral pill version of popular weight loss drugs currently taken as weekly shots worked, offering over 7% weight loss for diabetes patients. It also showed positive results on blood sugar.
Key Line: “‘The data are pretty much a best-case scenario, in our view — on weight loss, blood sugar control, tolerability, safety,’ Bank of America analyst Tim Anderson wrote Thursday in a research note.”