Jefferies raised the firm’s price target on Eli Lilly to $310 from $290 and keeps a Hold rating on the shares after the company presented interim data from remternetug’s Phase 1 trial at the ADPD meeting. While amyloid clearance seems to be faster compared to donanemab, it is unclear how this translates to clinical efficacy, said the firm, which adds that it remains "mixed" in its view of Lilly’s Alzheimer’s drugs.
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