FDA Delays Decision on Lilly's Alzheimer's Drug

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Source: Yahoo Finance
FDA Delays Decision on Lilly's Alzheimer's Drug
Photo: Yahoo Finance
TL;DR Summary

Eli Lilly and Company's stock declined after the FDA delayed its decision on donanemab, an anti-amyloid beta antibody for early symptomatic Alzheimer's disease. The FDA will convene an advisory committee to discuss the drug's safety and effectiveness based on data from the TRAILBLAZER-ALZ 2 study. The decision, expected in the first quarter of 2024, has been postponed. Meanwhile, other companies like Biogen and GSK are also making strides in the Alzheimer's treatment space.

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