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Eli Lilly"s experimental cholesterol pill, muvalaplin, has shown promising results in a mid-stage trial, significantly reducing levels of lipoprotein(a), a genetic risk factor for heart disease. The highest dose decreased Lp(a) by 70% compared to placebo, with a favorable safety profile. Analysts suggest the drug could become a blockbuster if it proves effective in preventing cardiovascular events in future trials.
Veritone (NASDAQ:VERI) has been upgraded by UBS Group from a "sell" to a "neutral" rating, with a price target of $3.50, indicating a potential downside of 5.41% from its current price of $3.70. The company reported a quarterly loss of $0.24 per share and revenue of $30.99 million, while institutional investors hold 39.18% of its stock.
Insignia Capital Group LLC has acquired Veritone One and Oxford Road, two podcast advertising agencies, for up to $104 million. The final price for Veritone One will depend on revenue targets set for next year, with Veritone planning to use the proceeds to reduce debt.
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