Eli Lilly and Co
LLY: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| m<# | LOCK|<$M | LOCK|pW!YJs@ |
Eli Lilly: Announced Morphic Acquisition Yields Potential New Blockbuster Inflammatory Bowel Drug
We are holding steady to our fair value estimate for Eli Lilly following the announced Morphic acquisition at just over $3 billion. We believe Morphic’s lead drug candidate MORF-057 for inflammatory bowel disease (IBD) was the key reason for the deal. The drug holds the potential to develop into a blockbuster and reinforce Lilly’s wide moat.
