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Amylin, Lilly: Another Case of a Panic Driven Sell-Off

 Aug 27, 2008 04:41 PM UTC
Return Risk
-46.99% HIGH
Tracked Blogger
Symbol Sentiment Start Return Closed
LLY n/a
AMLN Positive 08/27/08 -70.26% --

Graphic_arrow1 Via Long Investment Ideas from Seeking Alpha:  

On Tuesday August 26, Amylin (AMLN) and its partner Eli Lilly (LLY) announced that four patients had died while on diabetes treatment Byetta.

Both Amylin (down 12%) and Lilly (down 1%) sold off in after hours following repeated headlines saying Byetta was responsible for the deaths.




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ROCK-STAR INVESTORS
Rank Name Sharpe Ratio Avg Return Followers
1 29.65 +61.65% 160
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Eli Lilly and Company (LLY)
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