Report
Kelsey Tsai
EUR 101.80 For Business Accounts Only

Eli Lilly Posts Solid 3Q as New Drugs Drive Top-Line Growth and Costs Continue to Moderate

Eli Lilly reported third-quarter results slightly ahead of both our and consensus expectations, but we don’t expect any major changes to our fair value estimate based on the minor outperformance. We continue to view the stock as modestly undervalued. Armed with one of the strongest lineups of new drugs, Lilly’s past research and development efforts have created a diverse portfolio of drugs, reinforcing its wide moat.
Lilly’s decision to review strategic options for its animal health division Ela...
Underlying
INCYTE CORP

Incyte is a biopharmaceutical company focused on the discovery, development and commercialization of therapeutics. JAKAFI (ruxolitinib) has been approved for the treatment of patients with intermediate or high-risk myelofibrosis, for the treatment of patients with polycythemia vera, and for the treatment of steroid-refractory acute graft-versus-host disease in adult and pediatric patients 12 years and older. The company has also obtained a license to develop and commercialize ICLUSIG (ponatinib) in Europe and other select countries. In the European Union, ICLUSIG is approved for the treatment of adult patients with chronic phase, accelerated phase or blast phase chronic myeloid leukemia.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Kelsey Tsai

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