#4 - Eli Lilly (NYSE:LLY)
On the heels of Regeneron’s drug cocktail, Eli Lilly (NYSE:LLY) is applying for an emergency use authorization (EUA) for its coronavirus antibody treatment. The company’s experimental antibody, Y-CoV555 is currently in the trial stage. However, the company has documented that the treatment is reducing the number of patients who need to be hospitalized or seek emergency room treatment for moderate Covid-19 symptoms. The antiviral, which is administered through an IV, is said to be similar to Regeneron’s cocktail.
Eli Lilly has a separate rheumatoid arthritis drug, baricitinib, which it is developing in a partnership with Roche (OTCMKTS:RHHVF). This drug has been tested in combination with Gilead’s remdesivir to speed the recovery of Covid-19 patients.
Like several of the company’s in this presentation, there is more to like about Eli Lilly for more than just its work on the Covid-19 front. The company has a drug, tirzepatide, in its pipeline. The drug is in a late-stage (Phase 3) trial for the treatment of diabetes, obesity, and cardiovascular outcomes. One analyst told Barron’s that the drug could deliver $3.7 billion of sales by 2025.
LLY stock is up almost 12% for the year. Investors can also collect a nice dividend for their investment.
About Eli Lilly and Company
Eli Lilly and Company discovers, develops, and markets human pharmaceuticals worldwide. The company offers Basaglar, Humalog, Humalog Mix 75/25, Humalog U-100, Humalog U-200, Humalog Mix 50/50, insulin lispro, insulin lispro protamine, insulin lispro mix 75/25, Humulin, Humulin 70/30, Humulin N, Humulin R, and Humulin U-500 for diabetes; Jardiance, Mounjaro, and Trulicity for type 2 diabetes; and Zepbound for obesity.
Read More - Current Price
- $748.01
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 17 Buy Ratings, 4 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $1,007.94 (34.8% Upside)
