Why Eli Lilly Stock Jumped Today
Shares of pharma giant Eli Lilly (NYSE: LLY) rose by as much as 6.5% on Wednesday and closed the day's trading session up by 5.8%. Investors reacted positively to Eli Lilly releasing data from a phase 3 clinical for tirzepatide, an investigational diabetes treatment.
The trial tested the safety and efficacy of tirzepatide on patients with type 2 diabetes. After 40 weeks of treatment, the highest dose of the experimental medicine led to an A1C reduction of 2.07%. A1C measures a person's average blood glucose level over the past three months; 51.7% of participants receiving the highest dose of tirzepatide had their A1C level decrease below 5.7%, which is the level seen in those without diabetes.
Further, these patients reduced their body weight by 11% (9.5 kg). Tirzepatide's safety profile was also encouraging, as it was comparable to those of other GLP-1 receptor agonists (a class of medicines that help diabetes patients keep their blood sugar levels in check).
Source Fool.com
