Welcome to our dedicated page for Eli Lilly & Co. news (Ticker: LLY), a resource for investors and traders seeking the latest updates and insights on Eli Lilly & Co. stock.
Eli Lilly and Company (NYSE: LLY), founded in 1876 by Colonel Eli Lilly, is a global leader in the pharmaceutical industry, headquartered in Indianapolis, Indiana. With operations in 18 countries and products sold in approximately 125 countries, Eli Lilly is dedicated to pioneering life-changing discoveries through innovative drug development. The company focuses on several therapeutic areas including neuroscience, cardiometabolic, cancer, and immunology.
Key products in Eli Lilly’s portfolio include Verzenio for cancer treatment; Jardiance, Trulicity, Humalog, Humulin, Mounjaro, and Zepbound for diabetes management; and Taltz and Olumiant for immunology. The company's recent financial performance has been robust, with Q1 2024 revenues increasing by 26% year-over-year to $8.77 billion, driven by strong sales of Mounjaro and Zepbound.
Eli Lilly continues to expand its manufacturing capabilities to meet growing demand, recently investing $5.3 billion in its Lebanon, Indiana site. This commitment supports the production of key therapies, particularly for chronic diseases like obesity and type 2 diabetes. The company’s innovative endeavors include the development of new treatments such as the once-weekly insulin efsitora alfa, which showed promising results in phase 3 trials for type 2 diabetes.
The company is also advancing its pipeline of oncology treatments with presentations of data on products like Verzenio, Retevmo, olomorasib, and imlunestrant at major medical conferences. Furthermore, Eli Lilly announced a major leadership change with Melissa Seymour joining as Executive Vice President of Global Quality, ensuring the sustained excellence of their product offerings.
Eli Lilly’s commitment to addressing significant health challenges is evident in its diverse product pipeline and ongoing clinical trials. The company remains focused on improving patient outcomes globally by harnessing advancements in biotechnology, chemistry, and genetic medicine.
Eli Lilly and Company (NYSE: LLY) announced the early tender results of its cash tender offer for up to $1.5 billion in outstanding debt securities. The result showed that $2,016,575,000 in notes were validly tendered before the early tender date of September 20, 2021. Notably, Lilly removed the previously announced caps on its 4.150% Notes due 2059 and 3.950% Notes due 2049, allowing for larger acceptance amounts. The settlement date for accepted notes is set for September 22, 2021, and the tender offer is expected to expire on October 4, 2021.
The FDA has expanded the Emergency Use Authorization (EUA) for Eli Lilly's bamlanivimab and etesevimab to include post-exposure prophylaxis for COVID-19. This authorization targets high-risk individuals aged 12 and older who are either unvaccinated or might not respond adequately to vaccination. Data from the BLAZE-2 study indicated that bamlanivimab significantly reduced symptomatic COVID-19 risk in nursing home residents. Since the pandemic's onset, over 535,000 treatment courses have been provided, helping avert thousands of hospitalizations and deaths.
Eli Lilly and Company (NYSE: LLY) announced a contract with the U.S. government to supply 388,000 doses of etesevimab, which will complement previously purchased bamlanivimab doses. This agreement is expected to generate approximately $330 million in revenue during the second half of 2021. The rise in COVID-19 cases has driven increased demand for monoclonal antibody therapies like these, especially in areas with low vaccination rates. Shipments of the doses are scheduled for Q3 and Q4 2021.
Eli Lilly and Company (NYSE: LLY) will participate in the 2021 Cantor Virtual Global Healthcare Conference on September 28, 2021. Patrik Jonsson, senior vice president and president of Lilly Immunology, will engage in a virtual fireside chat at 1:20 p.m. ET. Interested parties can access a live audio webcast on Lilly's Investor website, with a replay available for 90 days.
Lilly is dedicated to advancing healthcare through innovative medicines and remains committed to its founding mission of improving lives globally.
New research from Eli Lilly Company (NYSE: LLY) will be showcased at the ESMO Congress 2021 (September 16-21). Key findings include:
- Verzenio: Studies on high-risk early breast cancer and advanced breast cancer.
- Retevmo: Real-world data on medullary thyroid cancer and RET testing patterns in Europe.
- CYRAMZA: Insights on metastatic NSCLC and the impact of TP53 status.
- Sintilimab: Phase III trial results for esophageal and gastric cancers.
Posters available starting September 16, with mini-oral presentations on September 17.
The FDA has granted Breakthrough Therapy designation for Jardiance (empagliflozin) for treating adults with heart failure with preserved ejection fraction (HFpEF). This follows promising results from the EMPEROR-Preserved trial, showing a 21% relative risk reduction in cardiovascular death or hospitalization. Jardiance is already approved for heart failure with reduced ejection fraction. HFpEF affects around 3 million adults in the U.S., with no proven treatment options available until now.
Eli Lilly has pledged nearly $1 million over three years in collaboration with the Helmsley Charitable Trust to enhance access to resources for children with type 1 diabetes (T1D). This initiative aims to provide camperships for low-income youth, ensuring inclusivity in diabetes camps nationwide. The funding will also assist camps in adapting to COVID-19 requirements. Lilly's long-term commitment to diabetes care emphasizes equity and improved access for communities, reflecting its ongoing mission to better lives affected by diabetes.
Eli Lilly and Company (NYSE: LLY) has initiated a cash tender offer for up to $1.5 billion of its outstanding debt securities. The offer includes various notes with different due dates and interest rates, such as the 4.150% Notes due 2059 and 3.950% Notes due 2049, among others. The early tender deadline is set for September 20, 2021, with the final expiration on October 4, 2021. Holders must tender their notes to receive an early tender premium and are subject to certain limitations outlined in the Offer to Purchase.
Eli Lilly and Company (NYSE: LLY) will participate in the Morgan Stanley 19th Annual Global Healthcare Conference on September 14, 2021. Michael Mason, Lilly's Senior Vice President and President of Lilly Diabetes, will engage in a virtual fireside chat at 1:15 p.m. Eastern Time. A live audio webcast of the event can be accessed on Lilly's Investor website, with a replay available for approximately 90 days. Lilly, a global healthcare leader, is dedicated to developing life-changing medicines and enhancing disease management.
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