Investors eagerly await Eli Lilly's Q4 2023 results and 2024 guidance as the company's blockbuster weight-loss drug Zepbound receives FDA approval and surpasses sales expectations. Zepbound's first-of-its-kind dual action sets it apart from existing therapies and has caused fierce competition in the anti-obesity market, with GlobalData predicting it to reach $4.1 billion in US sales by 2031. However, concerns about supply constraints loom as Lilly prices Zepbound at a 21% discount compared to the reigning therapy, Novo Nordisk's Wegovy.
Eli Lilly's Zepbound: Potential Game-Changer in the Weight-Loss Market
Investors are eagerly awaiting Eli Lilly's Q4 2023 results and 2024 guidance following the FDA approval of its blockbuster weight-loss drug, Zepbound. Here's a deep dive into this promising therapy and the competitive anti-obesity market:
Background:
Zepbound is a first-of-its-kind dual-action drug that targets both the body's appetite and metabolism. It has been shown to be effective in reducing body weight by up to 20% in clinical trials. GlobalData predicts that Zepbound could reach $4.1 billion in US sales by 2031.
Competition:
The anti-obesity market is highly competitive, with several established therapies available. Novo Nordisk's Wegovy is currently the reigning treatment, but Zepbound's unique mechanism of action has set it apart.
Concerns:
While Zepbound's potential is undeniable, there are concerns about supply constraints and its price, which is reportedly 21% lower than Wegovy.
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