Eli Lilly shares are trading lower. The company announced topline results from the QWINT-1 and QWINT-3 phase 3 clinical trials evaluating once weekly insulin efsitora alfa in adults with type 2 diabetes using basal insulin for the first time and in those who have switched from daily basal insulin injections, respectively.
Portfolio Pulse from Benzinga Newsdesk
Eli Lilly's shares are trading lower following the announcement of topline results from the QWINT-1 and QWINT-3 phase 3 clinical trials. These trials evaluated the once-weekly insulin efsitora alfa in adults with type 2 diabetes.
September 05, 2024 | 3:16 pm
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Eli Lilly's stock is experiencing a decline after the company announced results from its phase 3 clinical trials for insulin efsitora alfa. The trials focused on type 2 diabetes patients using basal insulin for the first time and those switching from daily injections.
The decline in Eli Lilly's stock price is likely due to investor reaction to the topline results of the QWINT-1 and QWINT-3 trials. These results are crucial as they pertain to a new insulin product, which could significantly impact the company's diabetes treatment portfolio.
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