Eli Lilly Stock (LLY) Outlook for Monday: Latest Deal Headlines, GLP-1 Pill Race, and Wall Street Targets
Eli Lilly shares closed near record highs Friday at $1,077.75, with trading volume muted ahead of the weekend. ABL Bio announced it expects a $40 million upfront payment and $15 million equity investment from Lilly tied to their Grabody platform collaboration. The deal targets obesity and muscle diseases. Novo Nordisk’s oral Wegovy approval this week intensified competition in the obesity drug market.