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Eli Lilly becomes first drugmaker to reach $1 trillion valuation on weight-loss boom

image sourced from original article at https://www.ynetnews.com/business/article/hjewdmagbe

Eli Lilly briefly surpassed a $1 trillion market valuation, marking a historic milestone as the first drugmaker to achieve this level. The company's rapid ascent is driven by soaring demand for its incretin-based drugs, Mounjaro and Zepbound, which target type 2 diabetes and obesity. These two medications have become the primary growth drivers for Lilly, with revenues in the most recent quarter showing dramatic year-over-year increases. The combined sales of Mounjaro and Zepbound have now outpaced those of other leading pharmaceuticals, establishing Lilly as the top-selling drugmaker worldwide.

Original article source: https://www.ynetnews.com/business/article/hjewdmagbe
Source Id: 8966858359

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