Eli Lilly and Co

LLY: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$375.00	Whnd	Lfdqypsjdt

Eli Lilly: Versanis Acquisition Nets New Mid-Stage Weight Loss Drug at a Reasonable Price

Damien Conover

Jul 14, 2023

Eli Lilly's announced acquisition of the private cardiometabolic firm Versanis Bio for up to $1.925 billion doesn't have a major impact on our Lilly fair value estimate or wide moat rating. However, the acquisition gives Lilly another potential weight-loss treatment with phase 2 drug bimagrumab.

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