Breakthroughs set to make Lilly world's biggest healthcare firm

8 August 2023

The competition to address two areas of huge unmet medical need is heating up, and Eli Lilly (NYSE: LLY) has a chance of being the leader in both.

Following a set of encouraging second-quarter 2023 financial results, Lilly stock rose more than a tenth on Tuesday, a remarkable jump for such a large company.

The excitement reflects confidence in the firm’s new Alzheimer’s candidate and a potential weight loss treatment, Mounjaro (tirzepatide), which took in $978 million sales in the quarter.

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