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Jim Cramer — Eli Lilly's Alzheimer Drug Failure Is a Major Disaster

Shares of Eli Lilly (LLY) are down 2% Monday and down roughly 12% since its negative announcement last Wednesday regarding its failed late-stage Alzheimer treatment.

This was a "true gaffe" by Eli Lilly, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said on CNBC's "Stop Trading" segment.

The markets...