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...
Eli Lilly and Company discovers, develops, manufactures, and markets products in a single business segment: human pharmaceutical products. The company's human pharmaceutical products include: diabetes and other endocrinology products, immunology products, neuroscience products, oncology products, and other products. The company's diabetes and other endocrinology products include: Baqsimi? and Basaglar?. The company's immunology products include: Olumiant? and Taltz?. The company's neuroscience products include: Cymbalta? and Emgality?. The company's oncology products include: Alimta?, Cyramza?, Erbitux? and Verzenio?. The company's other products include: Cialis?.
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