3 ms·

I don't follow the stock. What's the real reason it's down?

• fragmede 4y ago
  > Eli Lilly is down 5% because the market for their most profitable drug, a $125k/yr mAb IL-17 inhibitor, fell 5%. This is why Novartis, their major competitor with Cosentyx, is also down the same amount > Not everything is about Twitter! https://twitter.com/quantian1/status/1591149510168039426 https://twitter.com/quantian1/status/1591149510168039426
  • dorkwood 4y ago
    So I suppose they're pulling Twitter ad spend for other reasons? I guess this whole fiasco is still damaging to their brand.
    • latency-guy2 4y ago
      https://www.reuters.com/business/healthcare-pharmaceuticals/eli-lilly-ordered-pay-1765-mln-teva-us-migraine-drug-patent-trial-2022-11-09/ https://www.reuters.com/business/healthcare-pharmaceuticals/... Ads may have gone down for a number of factors, may also include the fact that Twitter is not really in a place that is good for advertising due to enormous amounts of hostile users The "damaging tweet" in question was gone long before the stock would've been in a reasonable timeframe to "react" to it.