Should You Buy Eli Lilly Stock?
On Tuesday, Eli Lilly's (NYSE: LLY) shares soared by more than 15% after the pharma giant reported positive results from a phase 3 clinical trial for Verzenio. This drug is already approved for metastatic breast cancer and advanced breast cancer, but based on data from the new study, Verzenio could be effective in treating early-stage breast cancer as well.
Interim analysis of the clinical trial showed that Verzenio, in combination with standard adjuvant endocrine therapy, achieved the primary endpoint of invasive disease-free survival. This result was all the more impressive considering that late last month, it was announced that Ibrance, a cancer treatment marketed by Pfizer, had failed to achieve a statistically significant improvement in invasive disease-free survival in a clinical trial with early-stage breast cancer patients.
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Source Fool.com