Eli Lilly Says Proposed U.S. BIOSECURE Act Would Affect Pharmaceutical Supply Chain Elements; Currently Do Not See It To Have Material Impact On Business
Portfolio Pulse from Benzinga Newsdesk
Eli Lilly, during a conference call, stated that the proposed U.S. BIOSECURE Act could affect elements of the pharmaceutical supply chain. However, the company does not currently foresee this having a material impact on its business operations.
April 30, 2024 | 4:14 pm
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Eli Lilly has assessed the potential impact of the U.S. BIOSECURE Act on its supply chain and believes it will not materially affect its business.
Eli Lilly's assessment suggests that while the BIOSECURE Act could affect the pharmaceutical supply chain, the company's current operations and future outlook remain stable. This indicates a neutral short-term impact on the stock as the market absorbs the news without immediate concerns for Eli Lilly's performance.
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IMPORTANCE 60
RELEVANCE 80