Is Eli Lilly Stock a Buy?
Powered by its popular GLP-1 weight loss drugs, Eli Lilly's stock (NYSE: LLY) has had a strong run this year, up more than 55%. However, the company's success goes back much further, with the stock up more than 1,300% over the past decade.
Given its strong performance, investors may be wondering if the stock is still a buy. Let's take a closer look to help decide.
While Eli Lilly has a portfolio of drugs that help address several health issues, it's the company's GLP-1 drugs that are its top sellers. Its first GLP-1 drug called Byetta, developed in conjunction with (now Bristol Myers Squibb subsidiary) Amylin Pharmaceuticals, was approved back in 2005 to help better control blood sugar levels in patients with type 2 diabetes. The two partners would later split, with Amylin paying Eli Lilly for its exenatide portfolio, including Byetta, in 2011.
Source Fool.com
