French Finance Ministry says there has been no contact with Eli Lilly (LLY) on Abivax, according to Bloomberg

French Finance Ministry says there has been no contact with Eli Lilly (LLY) on Abivax, according to Bloomberg.

This headline indicates that the French Finance Ministry has not engaged with Eli Lilly regarding its interest in Abivax, which may dampen investor expectations of a potential acquisition or partnership. The lack of discussions could imply that any strategic movements in this space may face delays or hurdles, and investors may want to adjust their positioning in both Eli Lilly and Abivax accordingly. Watch for market reaction as perceptions surrounding M&A activity can drive significant volatility in these stocks.