Amylin, Lilly: Another Case of a Panic Driven Sell-Off - A. Reza Saadat

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Amylin, Lilly: Another Case of a Panic Driven Sell-Off
Aug 27, 2008 04:41 PM UTC

A. Reza Saadat

Return	Risk
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Symbol	Sentiment	Start	Return	Closed
LLY	n/a
AMLN		08/27/08	-37.43%	--

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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