Lilly's (LLY) Solanezumab Phase 3 Miss is Credit-Negative Event - Moody's

November 23, 2016 11:41 AM EST

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Moody's Investor Service commented that Eli Lilly and Company's (NYSE: LLY) announcement that its experimental Alzheimer's disease drug solanezumab did not meet the endpoint in a Phase III trial is credit negative. There is no effect on Lilly's A2 rating or stable rating outlook.

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