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Eli Lilly Expands China Cancer Reach

Eli Lilly NYSE:LLY is expanding its China oncology reach through a new commercialization agreement with Innovent Biologics for Verzenios.Under the deal, Innovent will handle importation, marketing, distribution and promotion of Verzenios in mainland China. The breast cancer drug, also known as abem…

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Medicare Begins Obesity Drug Coverage, Seniors Unaware Of New Benefit

WASHINGTON (dpa-AFX) - Starting Wednesday, millions of older Americans on Medicare can now get obesity medications through a new initiative called the Bridge program. This program allows qualifying folks to pay a monthly copay of $50 for access to popular weight-loss drugs by Novo Nordisk and Eli L…

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Biotech Bigwigs ABBV, JNJ, BIIB & LLY Hit New 52-Week Highs

On Friday, stocks of four large drugmakers, Eli Lilly LLY, AbbVie ABBV, J&J JNJ and Biogen BIIB hit fresh 52-week highs. However, the rally in the four stocks was not driven by a single catalyst, but by an overall recent rally in the U.S. drug and biotech sector.The S&P Healthcare Index (XLV) has g…

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Here's Why Shares of Eli Lilly Hit an All-Time High on Friday

Shares of Eli Lilly LLY rose more than 7% on Friday after the company announced several positive developments related to its marketed products.An EMA advisory committee recommended approving the company’s filing seeking label expansion for the oncology drug Jaypirca (pirtobrutinib) to treat adults…

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FDA set to review Sandoz's generic GLP-1s

The U.S. Food and Drug Administration has agreed to review Swiss generics drugmaker Sandoz's SIX:SDZ two generic tirzepatide GLP-1s that, if approved, would rival obesity drugs made by Eli Lilly NYSE:LLY.With Eli Lilly's tirzepatide patent running out in 2036 in the U.S., makers of alternative drug…

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