Eli Lilly Shares Gain After Drug-Maker Gets FDA's Nod For Early Alzheimer's Treatment
Portfolio Pulse from Benzinga Neuro
Eli Lilly's shares have gained following the FDA's approval of its Alzheimer's treatment, Kisunla. The drug, intended for early symptomatic stages of Alzheimer's, has contributed to the company's stock reaching a new 52-week high.
July 03, 2024 | 8:20 am
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Eli Lilly's stock has gained following the FDA's approval of its Alzheimer's treatment, Kisunla. The drug targets early symptomatic stages of Alzheimer's and has contributed to the stock reaching a new 52-week high.
The FDA approval of Kisunla is a significant milestone for Eli Lilly, likely to boost investor confidence and drive the stock price higher in the short term. The stock has already seen a substantial increase over the past year, and this news further solidifies its upward trajectory.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100