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Yet if the beat and raise parade marches on, valuation may matter less, in our view. Leaders and laggards AnaptysBio (NASDAQ: ANAB) shares tumbled 30% between Tuesday and Thursday after Eli Lilly (NYSE: LLY) presented slides during its third quarter earnings call showing that the company ended the Phase IIb RESOLUTION-1 trial (NCT05516758) assessing peresolimab in rheumatoid arthritis

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Lower doses produced more modest reductions: 4 mg dose: approximately 8.7% mean weight reduction 0.5 mg dose: approximately 2.0% mean weight reduction Placebo: a small mean weight gain of approximately 2.0% Readers should note that these figures are drawn from a single phase 2 trial with a relatively small sample size and 24-week duration

Another 278 ( n= 18 in Spanish) interviews were conducted from a random digit dial telephone sample of prepaid cell phone numbers obtained through MSG