Browsing: Lilly

Eli Lilly is reportedly negotiating to acquire psychedelic drugmaker AtaiBeckley. AtaiBeckley shares experienced a significant surge following the news of these discussions. The company focuses on mental health treatments using psychedelic-based compounds. AtaiBeckley is developing an intranasal formulation for treatment-resistant depression. Talks are ongoing, and a deal could be announced this week

Eli Lilly & Co. (LLY)’s reign atop the red-hot GLP-1 weight-loss drug market is getting fresh validation from surging U.S. consumer adoption, as new polling shows usage nearly tripling in two years. With the drugmaker’s market value now topping $1 trillion and its stock up more than 400% over half a decade, investors are weighing…