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Eli Lilly Has Catalysts Ahead

Eli Lilly (LLY) reports its second-quarter results on Tuesday, July 26. The stock could continue to rise, as the company has several catalysts on the horizon.

On June 21, the FDA posted briefing documents regarding Eli Lilly's application to expand the label for Jardiance, the company's diabetes drug. The stock jumped 12% on the news.

Lilly asked the FDA to expand the drug's label to include a reduction of cardiovascular death in high-risk type II diabetes patients...