Eli Lilly shares are trading lower. The stock may be down amid the FDA delaying its decision deadline for the company's donanemab Alzheimer's treatment.
Portfolio Pulse from Benzinga Newsdesk
Eli Lilly's stock is trading lower due to the FDA delaying its decision on the company's donanemab treatment for Alzheimer's. This delay may impact investor sentiment and the short-term stock performance.
March 11, 2024 | 3:38 pm
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Eli Lilly's shares are trading lower following the FDA's delay in making a decision on the company's Alzheimer's treatment, donanemab.
The FDA's delay in decision-making directly impacts Eli Lilly as it postpones potential revenue from donanemab and affects investor sentiment negatively. This regulatory hurdle is significant for the company's stock in the short term.
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IMPORTANCE 90
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