Eli Lilly shares rise as it seeks FDA  emergency clearance for antibody drug: Covid-19

Eli Lilly’s antibody therapy drug ask the FDA US drug regulators  for emergency clearance after the data showed the use of the drug reduce hospitalizations.

Eli Lilly and Co (LLY) Analyst Price Target on LLY
$167.80
▲ (13.39% Upside)
Based on 5 analysts offering 12 month price targets for Eli Lilly & Co in the last 3 months. The average price target is $167.80 with a high forecast of $185.00 and a low forecast of $144.00. The average price target represents a 13.39% increase from the last price of $147.99. Source TipRanks

Eli Lilly partnered with biotech company AbCellera Biologics Inc. The drug is used for patients with mild to moderate diagnosis is of COVID-19.

“Lilly is creating and testing neutralizing antibodies that target the viral spike protein that SARS-CoV-2 uses to gain entry into host cells. These treatments are specifically designed to treat COVID-19 and require specialized people – such as scientists and engineers – and nearly 300,000 square feet of manufacturing space, 40 miles of piping, 50 processing vessels, and several controlled environments such as cleanrooms to manufacture.

It can take up to 90 days to manufacture a single batch of the active pharmaceutical ingredient and drug product for a neutralizing antibody for COVID-19. This is due to the highly complex manufacturing processes, with carefully controlled conditions and numerous quality and safety checks.” Source: Eli Lilly

CDC Update: How COVID-19 Spreads Oct 6th 2020

Walmart Announces a New Black Friday Experience This Year

Apple announces Oct. 13 event, Revealing new iPhone 12

Comments


CWEB.com is not registered as an investment adviser with the U.S. Securities and Exchange Commission. Rather, CWEB.com relies upon the “publisher’s exclusion” from the definition of investment adviser as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.

Full Disclaimer

%d bloggers like this: