China Approves Lilly's Kisunla For Early Symptomatic Alzheimer's Disease Treatment
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 18 2024
0mins
Should l Buy LLY?
Source: Business Insider
Approval of Alzheimer's Treatment: Eli Lilly's Alzheimer's treatment, Kisunla (donanemab-azbt), has been approved by China's National Medical Products Administration for adults with early symptomatic Alzheimer's disease, including mild cognitive impairment and mild dementia.
Market Expansion: This approval marks China as the fourth major market for Kisunla, following the United States, Japan, and Great Britain, amidst rising concerns over Alzheimer's prevalence in the aging population.
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Analyst Views on LLY
Wall Street analysts forecast LLY stock price to rise
20 Analyst Rating
18 Buy
2 Hold
0 Sell
Strong Buy
Current: 988.870
Low
950.00
Averages
1192
High
1500
Current: 988.870
Low
950.00
Averages
1192
High
1500
About LLY
Eli Lilly and Company is a medicine company, which discovers, develops, manufactures, and market products in a single business segment called human pharmaceutical products. The Company manufacture and distribute its products through facilities in the United States, including Puerto Rico, and in Europe and Asia. The Company’s products are sold in approximately 90 countries. Its Cardiometabolic Health products Basaglar; Humalog, Humalog Mix 75/25, Humalog U-100, Humalog U-200, Humalog Mix 50/50, insulin lispro, and others; Humulin, Humulin 70/30, and others; Jardiance; Mounjaro; Trulicity; Zepbound, and others. Its oncology products include Cyramza, Erbitux, Tyvyt, Verzenio, Retevmo, Jaypirca, and others. Its immunology products include Ebglyss, Olumiant, Omvoh, and Taltz. Its neuroscience products include Emgality and Kisunla. Its LillyDirect, a direct-to-patient digital health care platform, provides delivery of select Lilly medicines dispensed by third-party pharmacies to patients.
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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- Net Income Spike: Adjusted net income skyrocketed 155% to $7.7 billion, translating to $8.55 per share, significantly surpassing Wall Street's estimate of $6.79, reflecting the company's strong performance in the weight loss drug sector.
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- Strong Financial Performance: In Q1, adjusted operating profit reached 32.9 billion Danish kroner (approximately $5 billion), down 15% year-over-year, yet sales rose by 32% to 96.8 billion kroner, showcasing the strong performance of obesity care products.
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See More
