financetom
Business
financetom
/
Business
/
Lilly weight-loss drug Zepbound new US prescriptions surpass Wegovy for first time
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Lilly weight-loss drug Zepbound new US prescriptions surpass Wegovy for first time
Mar 15, 2024 11:05 AM

March 15 (Reuters) - Eli Lilly's ( LLY ) powerful

weight-loss drug Zepbound hit 77,590 new prescriptions in the

U.S. for the week ending March 8, surpassing Novo Nordisk's

rival obesity medicine Wegovy for the first time

since it was launched, according to data from IQVIA ( IQV ).

Some 6,000 fewer Wegovy prescriptions were filled in the

United States that week, but Novo maintained its lead for total

weekly prescriptions over Zepbound by 25,307, according to the

data published by JPMorgan in a weekly note.

Novo, Lilly and IQVIA ( IQV ) did not immediately respond to

requests for comment.

Lilly launched Zepbound in the U.S. in December, more than

two years after Wegovy's approval in June 2021.

Shares of Lilly and Novo were off about 1% and 2%,

respectively on a down day for the broader market.

At stake in the competition for new patients looking to lose

weight is a market analysts' see reaching at least $100 billion

by the end of the decade. Demand so far has well outpaced

supplies, as consumers flock to new treatments that have been

shown to reduce weight by as much as 20%.

Zepbound and Wegovy belong to a class of drugs called GLP-1

agonists developed for type 2 diabetes that also reduce food

cravings and cause the stomach to empty more slowly.

Data analytics firm GlobalData in a report on Friday said

GLP-1 drugs are on pace to this year surpass widely used cancer

immunotherapies as the best-selling medicines, driven by trial

data showing they can also treat other health conditions, and a

surge in celebrity and influencer endorsements. Merck and Co's ( MRK )

cancer drug Keytruda is currently the world's

top-selling prescription medicine with over $25 billion in

annual sales.

The U.S. Food and Drug Administration last week approved

Wegovy for lowering the risk of stroke and heart attack in

overweight or obese adults who do not have diabetes.

GlobalData forecast the market for these medicines reaching

$105 billion by 2029, and that Novo Nordisk would capture more

than half of that with its portfolio of GLP-1 drugs, including

Wegovy.

The Danish drugmaker last week said it was confident it

would launch a pill version of its experimental weight-loss drug

amycretin this decade. Currently GLP-1 drugs are injected.

Lilly's diabetes drug Mounjaro, which has the same active

ingredient as Zepbound, will be the top-selling GLP-1 with $33.4

billion in annual sales by 2029, GlobalData forecast.

Lilly this week said it has partnered with Amazon.com's ( AMZN )

pharmacy unit to deliver drug prescriptions sent to its

direct-to-consumer service LillyDirect, including those for

Zepbound.

Frank Cunningham, an executive at Lilly, said the company

was "very pleased" with the number of prescriptions it had

filled through LillyDirect so far.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Hong Kong-listed Samsonite plans dual listing in hunt for investors
Hong Kong-listed Samsonite plans dual listing in hunt for investors
Mar 21, 2024
(Reuters) -Luggage maker Samsonite International ( SMSOF ) on Friday said it plans to pursue a dual listing in addition to its listing on the Hong Kong Stock Exchange to increase the liquidity of its shares and reach investors in more markets. Samsonite ( SMSOF ) did not provide details of the exchanges it is considering for the second listing,...
Meta's Instagram down for thousands, Downdetector shows
Meta's Instagram down for thousands, Downdetector shows
Mar 21, 2024
March 21 (Reuters) - Meta Platforms's ( META ) Instagram was down for thousands of users on Thursday, according to outage tracking website Downdetector.com. ...
Ecopetrol's Reficar refinery awarded nearly 20% of McDermott common capital, company says
Ecopetrol's Reficar refinery awarded nearly 20% of McDermott common capital, company says
Mar 21, 2024
BOGOTA, March 21 (Reuters) - The Reficar oil refinery belonging to Colombia's Ecopetrol was awarded 19.9% of the common capital in infrastructure firm McDermott in preferential shares by a judge in Amsterdam, Ecopetrol said in a statement on Thursday. The refinery is located in the Colombian city of Cartagena. ...
Oil eases on possible Gaza ceasefire, dollar strength
Oil eases on possible Gaza ceasefire, dollar strength
Mar 21, 2024
SINGAPORE (Reuters) -Oil prices slipped on Friday on the possibility of a nearing Gaza ceasefire that could ease geopolitical concerns in the Middle East, while a stronger dollar and faltering U.S. gasoline demand also weighed on prices. Brent crude futures fell 42 cents, or 0.5%, to $85.36 a barrel by 0203 GMT. U.S. crude futures shed 40 cents, or 0.5%,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved