Why Eli Lilly Stock Is Soaring Today

Why Eli Lilly Stock Is Soaring Today

What happened Shares of Eli Lilly (NYSE: LLY) were soaring 7.8% higher at 11:05 a.m. EDT on Thursday. The big gain came after the drugmaker announced that the U.S. Food and Drug Administration (FDA) had granted Breakthrough Therapy designation to Lilly's experimental Alzheimer's disease drug donanemab.