Novo Nordisk and Lilly will continue to lead the obesity market
Demand for obesity drug therapies is surging. A new generation of medicines with efficacy rivaling bariatric surgery, with only minor tolerability issues, has replaced older drugs weighed down by significant cardiovascular side effects and mediocre efficacy, according to American financial services firm Morningstar
The approval of Novo Nordisk's (NOV: N) GLP-1 agonist Wegovy (semaglutide) in 2021 has led to a surge in demand for the active ingredient in various forms, including the diabetes drug Ozempic.
Eli Lilly's (NYSE: LLY) approved diabetes drug Mounjaro (tirzepatide) is poised to generate even stronger weight loss and to launch into obesity around the end of 2023.
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