The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.

Shares of Eli Lilly (NYSE: LLY) climbed to a record high on Friday, following several promising developments for the medicine maker.

Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »

The European Medicines Agency's Committee for Medicinal Products for Human Use issued a positive opinion for Eli Lilly's cancer drug, Jaypirca.

In clinical trials, the healthcare giant's once-daily oral prescription medicine produced encouraging results in treating adults with chronic lymphocytic leukemia (CLL) across all lines of therapy.

CLL is a common type of leukemia in adults, with approximately 100,000 cases annually worldwide.

The positive opinion bodes well for regulatory approval. The European Commission is expected to issue a final decision within the next two months.

Eli Lilly also announced that its popular obesity drugs, Zepbound and Foundayo, will be available via the new Medicare GLP-1 Bridge program beginning July 1 for as little as $50 per month.

The news marks a milestone for weight management medications, which until now were not broadly covered by the federal health insurance program.

Eli Lilly estimates that roughly 20 million Medicare patients could meet clinical criteria for obesity drugs.

"For many, this will be the first time obesity treatment has been within reach," Eli Lilly executive Ilya Yuffa said.

Before you buy stock in Eli Lilly, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Eli Lilly wasn't one of them. The 10 stocks that made the cut are built for long-term growth and could produce monster returns in the coming years.

Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $382,359!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,201,390!*

That performance is why people listen. With a track record of beating the S&P 500 by 4x, Stock Advisor offers a distinct advantage. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built for the long haul.

See the 10 stocks »

*Stock Advisor returns as of June 26, 2026.

Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Eli Lilly. The Motley Fool has a disclosure policy.

Why Eli Lilly Stock Jumped to a New All-Time High Today was originally published by The Motley Fool