Eli Lilly Diversifies With Verve Gene Therapy Deal
Written by Emily J. Thompson, Senior Investment Analyst
Source: NASDAQ.COM
Eli Lilly's Acquisition of Verve Therapeutics: Eli Lilly has acquired Verve Therapeutics for $1.3 billion, significantly boosting its presence in cardiovascular genetic medicine and diversifying beyond diabetes and obesity treatments. The deal is based on Verve's innovative gene-editing technology aimed at treating high cholesterol.
Investment Risks and Stock Valuation: Despite the premium paid for Verve, Eli Lilly's stock remains within historical valuation metrics, trading at a P/E ratio lower than its three-year average. However, investing in individual stocks carries inherent risks, prompting consideration of diversified portfolios like Trefis' High Quality Portfolio, which has outperformed the S&P 500.
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Analyst Views on BSX
Wall Street analysts forecast BSX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BSX is 125.74 USD with a low forecast of 112.00 USD and a high forecast of 140.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
20 Analyst Rating
20 Buy
0 Hold
0 Sell
Strong Buy
Current: 93.790
Low
112.00
Averages
125.74
High
140.00
Current: 93.790
Low
112.00
Averages
125.74
High
140.00
About BSX
Boston Scientific Corporation is a global developer, manufacturer and marketer of medical devices that are used in a range of interventional medical specialties. The Company's MedSurg segment includes Endoscopy, Urology, and Neuromodulation. Its Endoscopy business develops and manufactures devices to diagnose and treat a range of gastrointestinal conditions with less-invasive technologies. Its Urology business develops and manufactures devices to treat various urological conditions for both male and female anatomies, including kidney stones, benign prostatic hyperplasia, prostate cancer, erectile dysfunction, and incontinence. Its Neuromodulation business develops and manufactures devices to treat various neurological movement disorders and manage chronic pain. Its Cardiovascular segment includes Cardiology and Peripheral Interventions. The Cardiology includes interventional cardiology therapies, watchman, cardiac rhythm management, and electrophysiology.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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