Novo Erases 2024 Gain, Wiping Out $210 Billion in Value [Yahoo! Finance]
Eli Lilly and Company (LLY)
Last eli lilly and company earnings: 4/23 06:25 am
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Source: Yahoo! Finance
impact of competition and supply constraints cool the excitement around the Danish firm's obesity drugs. Most Read from Bloomberg Paris to Replace Parking Spaces With Trees New York's Transit Agency Approves $9 Congestion Toll In Cleveland, a Forgotten Streetcar Bridge Gets a Long-Awaited Lift Amtrak Wins $300 Million to Fix Its Unreliable NJ-to-NYC Service A Bug's Eye View of Mexico City's Modernist Architecture The stock fell as much as 1.2% on Tuesday, down almost a third from a peak in June, before paring its losses to trade little changed on the day. It has wiped out about $210 billion in market capitalization in the past five months. While the popularity of Novo's diabetes and obesity treatments Ozempic and Wegovy sent the firm's shares to record highs and transformed the company into Europe's most valuable, rivalry in the lucrative field is becoming increasingly stiff, particularly from US competitor Eli Lilly & Co. Equity analysts appear to be anticipating a
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LLY
Earnings
- 10/30/24 - Miss
LLY
Sec Filings
- 11/20/24 - Form 4
- 11/20/24 - Form 4
- 11/20/24 - Form 4
- LLY's page on the SEC website