Eli Lilly Shares Rise 4.36% as METiS Deal Sets $1.1 Billion in Milestones
Eli Lilly traded at $1,294.36, up from $1,240.34, on October 20. The METiS collaboration includes $1.1 billion in milestones; the upfront payment is reported in the low double-digit millions of dollars.
Eli Lilly NYSE:LLY was trading at $1,294.36 at 12.40 p.m. ET on October 20, a 4.36% increase from $1,240.34. The METiS collaboration has a $1.1 billion milestone headline, though the upfront payment is much smaller. The reported agreement sets that payment in the low double-digit millions of dollars, with…