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EMA's Medicinal Committee Backs Eli Lilly's COVID-19 Antibody Therapy

  • European Medicines Agency's (EMA) Committee for Medicinal Products for Human Use (CHMP) has issued a positive scientific opinion for Eli Lilly and Co's (NYSE: LLY) bamlanivimab alone, and bamlanivimab plus etesevimab, in COVID-19 in patients.
  • The opinion covers the COVID-19 antibody therapy for patients aged 12 years and older who do not require supplemental oxygen and are at high risk of progressing to severe COVID-19.
  • In February, the antibody therapy received FDA Emergency Use Approval.
  • Recently, the U.S. government agreed to purchase a minimum of 100,000 doses of antibody therapy, in an agreement valued at $210 million.
  • Price Action: LLY shares increased 1.9% at $204.32 in market trading hours on the last check Friday.

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Posted-In: CHMP Covid-19Biotech News Health Care FDA General

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