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Eli Lilly and Nimbus Therapeutics have entered into a multiyear collaboration and exclusive licensing agreement to develop an oral treatment for obesity and other metabolic diseases.
Nimbus Therapeutics said on Tuesday it has entered into a multi-year research and licensing agreement with Eli Lilly to develop artificial intelligence-driven new oral treatments for obesity and other metabolic diseases.
Eli Lilly (LLY) remains a Strong Buy, driven by robust GLP-1 demand and stellar execution, delivering a 34% total return since initial bullish coverage. LLY's Q3 results showed a 10% revenue and 19% EPS beat, with operating margin expanding from 40% to 48% YoY, and cash from operations surging to $8.8 billion. Flagship products Mounjaro and Zepbound posted 100%+ YoY revenue growth; late-stage p...
Eli Lilly briefly reached $1 trillion in market cap last year before retreating. The company has seen revenue soar in recent quarters thanks to its weight loss portfolio.
There are nine current $1 trillion club members and three companies that are within $120 billion of the milestone. Visa, Oracle, ExxonMobil, and Netflix could produce big gains over the next five years.
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