Eli Lilly and Company (LLY) is one of the Best Growth Stocks to Buy According Ray Dalio

Eli Lilly and Company (NYSE:LLY) is one of the best growth stocks to buy, according to billionaire Ray Dalio’s Bridgewater Associates. On June 10, the US Food and Drug Administration approved a new dosing regimen for Eli Lilly and Company (NYSE:LLY) in the treatment of patients with moderate to severe atopic dermatitis.

The new dosing regimen permits adults and children 12 years and older weighing at least 88 pounds to receive a single 250mg injection every 8 weeks. The drug was previously approved for monthly maintenance dosing. With the extended dosing regimen, patients can now better manage their condition with as few as 6 maintenance injections.

The FDA approved the new dosing regimen based on longitudinal exposure-response modeling data and clinical data from the 32-week Phase 3 Adjoin trial. Eli Lilly and Co. did not record any new safety signals in the trials, and no patients discontinued treatment due to adverse events.

EBGLYSS, a monoclonal antibody that targets IL-13, a cytokine involved in the inflammatory process of atopic dermatitis, was approved in the U.S., Japan, and Canada in 2024 and in the European Union in 2023.

Eli Lilly and Company (NYSE:LLY) is a global pharmaceutical giant that develops, manufactures, and markets human medicines. They focus primarily on treating diseases in areas like cardiometabolic health, oncology, immunology, and neuroscience.

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