Lilly data point way to competition in growing obesity market

28 July 2023

More positive data for Eli Lilly’s (NYSE: LLY) weight loss candidate tirzepatide will boost interest in the product, as the US regulator warns of supply shortages at certain doses.

While currently approved for diabetes and marketed in this indication as Mounjaro, the upswing in demand is likely due to off-label prescribing, a factor which has also affected Novo Nordisk’s (NOV: N) rival GLP-1 agonist.

Novo Nordisk’s semaglutide has long been marketed for diabetes under the Ozempic brand, with an obesity-targeting formulation, labeled Wegovy, subsequently gaining approval.

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