LLY · Eli Lilly and Company
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LLY fell with the weak healthcare sector, but its longer-term averages and analyst Buy consensus counter recent momentum weakness, leaving the story balanced for the company.
Shares dropped about 2% tied to broad healthcare weakness, while longer-term moving averages and analyst Buy ratings counter recent momentum weakness.
LLY fell with the weak healthcare sector, but its longer-term averages and analyst Buy consensus counter recent momentum weakness, leaving the story balanced for the company.
Novartis shares plunged after a Phase 3 HARBOR trial for del-desiran failed to meet its primary endpoint, pressuring the company.
The article links Ionis to the failed drug program and says the news weighed on the company because of financial ties to pelacarsen.
Royalty Pharma is named as exposed to pelacarsen, and the failed trials are said to have weighed on its shares.
The ETF holds a large weighting in Lilly so flows can affect it, but no ETF-specific news was reported in the story.
The Polen Focus Growth ETF has meaningful Lilly exposure, but the article reports no direct news on the ETF itself.
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