Eli Lilly's (LLY) "a Great Company," Says Jim Cramer

We recently published 11 Stocks Jim Cramer Talked About. Eli Lilly and Company (NYSE:LLY) is one of the stocks Jim Cramer recently discussed.

Cramer has again started to frequently discuss Eli Lilly and Company (NYSE:LLY) on his morning show. During the year’s first half, the CNBC TV host repeatedly praised the firm’s manufacturing initiatives and added that its non-weight-loss drug portfolio held great potential. More recently, he has started to discuss Eli Lilly and Company (NYSE:LLY)’s attempts at a weight loss pill and the firm’s valuation:

“One time not that long time ago, Ken Langone, great investor, when Eli Lilly was in the 700 billion, said you know Jim, it’s gonna be worth a trillion dollars. It may be worth a trillion dollars,  in a few weeks, it’s at 934 billion. This pill that they have for GLP-1, the Trump Rx, the lowering of price, the idea that you’ll just be able to get it for weight loss, not comorbidity, people are beginning to realize, maybe this thing is worth far more. And a Citi piece today, price target 1500 dollars! . . .Eli Lilly’s a great company, Dave Ricks by the way, the company does a lot of work, now you’re in the ALS, you’re in the Lou Gehrig, they’re giving money to that. . .Dave Ricks is really unbelievable man, but what he’s really driving is a company that’s gonna pass a trillion dollars. Congratulations to him.”

“Oh my, and all they do is pull away [from NVO] because this pill, now sure you can just inject yourself just once a month, but Google it, people are happy to taking pills like they are vitamin supplements. This would be like that. It’s a very big move.”

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Disclosure: None. This article is originally published at Insider Monkey.