ELI LILLY AND COMPANY

(LLY)
  Report
Delayed Nyse  -  04:03 2022-08-09 pm EDT
303.02 USD   +0.17%
08/08Lilly's Taltz® (ixekizumab) Now Available in New, Citrate-Free Formulation to Reduce Injection Site Pain for Improved Patient Experience
PR
08/08Eli Lilly and Company Announces the Availability of a New, Citrate-Free Formulation of Taltz® Injection 80 mg/mL
CI
08/08Eli Lilly May Divert Employment Outside Indiana After US State OKs Abortion Bill
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Eli Lilly and Company to Supply an Additional 150,000 Doses of Abcellera-Discovered Antibody, Bebtelovimab, to the U.S. Government in Ongoing Effort to Provide Covid-19 Treatment Options

06/29/2022 | 11:04am EDT

AbCellera announced that Eli Lilly and Company (Lilly) has entered into a modified purchase agreement with the U.S. government to supply an additional 150,000 doses of bebtelovimab, the second antibody developed through AbCellera's collaboration with Lilly, for approximately $275 million. The existing U.S. government supply of bebtelovimab, including the new purchase, is expected to meet present demand through late August 2022. Delivery of doses will begin immediately and complete no later than August 5, 2022. An option for an additional 350,000 doses to be exercised no later than September 14, 2022, will remain in the agreement. Details regarding Lilly's modified purchase agreement to provide the U.S. government can be found here. Bebtelovimab continues to maintain neutralization activity against the most common, and fastest growing, Omicron variants (BA.2.12.1 and BA.4/BA.5) in the United States, in addition to all known variants of interest and concern. AbCellera initially mobilized its pandemic response platform against COVID-19 in February of 2020, resulting in the discovery of bamlanivimab, the first monoclonal antibody therapy for COVID-19 to reach human testing and to be authorized for emergency use by the U.S. FDA. Bamlanivimab alone and together with other antibodies has treated at least 700,000 patients, preventing COVID-19-related hospitalizations and death. AbCellera's second monoclonal antibody for COVID-19, bebtelovimab, was developed to combat emerging variants and. Bebtelovimab maintains binding and neutralizing activity across currently known and reported variants of concern. Bebtelovimab has been studied for the treatment of mild-to-moderate COVID-19 both as a monotherapy and together with other antibodies. AbCellera's efforts to respond to the COVID-19 pandemic have identified thousands of unique anti-SARS-CoV-2 human antibodies. These include bamlanivimab, bebtelovimab, and other antibodies that are in various stages of testing by AbCellera and its collaborators. Bamlanivimab and bebtelovimab were developed from antibodies that were discovered using AbCellera's pandemic response platform, in partnership with the Vaccine Research Center (VRC) at the National Institutes for Allergy and Infectious Diseases (NIAID). AbCellera's partner, Lilly, is responsible for development, manufacturing, and distribution of bamlanivimab and bebtelovimab. AbCellera's pandemic response capabilities were developed over the past four years as part of the Defense Advanced Research Projects Agency (DARPA) Pandemic Prevention Platform program. The goal of the P3 program is to establish a robust technology platform for pandemic response capable of developing field-ready medical countermeasures within 60 days of isolation of an unknown viral pathogen.


© S&P Capital IQ 2022
All news about ELI LILLY AND COMPANY
08/08Lilly's Taltz® (ixekizumab) Now Available in New, Citrate-Free Formulation to Reduce In..
PR
08/08Eli Lilly and Company Announces the Availability of a New, Citrate-Free Formulation of ..
CI
08/08Eli Lilly May Divert Employment Outside Indiana After US State OKs Abortion Bill
MT
08/06Biden team, Eli Lilly condemn new Indiana abortion ban
AQ
08/05Goldman Sachs Adjusts Price Target for Eli Lilly and Company to $273 From $277, Maintai..
MT
08/05Eli Lilly Stock Outlook Unchanged After Q2 Update But 'Mixed Elements' to Consider, Gol..
MT
08/05PUMP / DUMP #40 : This week's gainers and losers
MS
08/05WALL STREET STOCK EXCHANGE : Another case of good news is bad news
MS
08/04Cantor Fitzgerald Raises Price Target for Eli Lilly and Company to $360 From $335, Main..
MT
08/04ELI LILLY & CO Management's Discussion and Analysis of Results of Operations and Finan..
AQ
More news
Analyst Recommendations on ELI LILLY AND COMPANY
More recommendations
Financials (USD)
Sales 2022 28 860 M - -
Net income 2022 6 375 M - -
Net Debt 2022 9 953 M - -
P/E ratio 2022 42,7x
Yield 2022 1,29%
Capitalization 288 B 288 B -
EV / Sales 2022 10,3x
EV / Sales 2023 9,72x
Nbr of Employees 35 000
Free-Float 99,7%
Chart ELI LILLY AND COMPANY
Duration : Period :
Eli Lilly and Company Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ELI LILLY AND COMPANY
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Last Close Price 303,02 $
Average target price 327,10 $
Spread / Average Target 7,95%
EPS Revisions
Managers and Directors
David A. Ricks Chairman, President & Chief Executive Officer
Anat Ashkenazi Chief Financial Officer & Senior Vice President
Daniel M. Skovronsky Chief Scientific Officer & Senior Vice President
Diogo Rau Senior VP, Chief Information & Digital Officer
Robert Wild Chief Scientific Officer
Sector and Competitors
1st jan.Capi. (M$)
ELI LILLY AND COMPANY9.70%287 428
JOHNSON & JOHNSON-0.52%447 486
PFIZER, INC.-16.05%278 132
ROCHE HOLDING AG-16.68%273 741
ABBVIE INC.3.65%248 135
NOVO NORDISK A/S2.04%233 436