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Eli Lilly Set To Report Earnings As Investors Eye Weight Loss Drug Momentum
Tuesday, April 29, 2025 - 1:55pm | 432Eli Lilly And Co (NYSE:LLY) is scheduled to report its quarterly results on Thursday. The company is likely to report its first-quarter results in line with peers, with some tariff and policy-related commentary during the earnings call, according to Goldman Sachs. The Eli Lilly Analyst: Analyst...
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Palatin Technologies' Obesity Drug Co-Administered With Eli Lilly's Blockbuster Drug Shows 4.4% Reduction In Weight
Monday, March 31, 2025 - 12:37pm | 519Palatin Technologies Inc. (NYSE:PTN) on Monday reported topline data with co-administered melanocortin-4 receptor (MC4R) agonist bremelanotide plus glucagon-like peptide-1/gastric inhibitory polypeptide (GLP-1/GIP) tirzepatide. Eli Lilly And Co’s (NYSE:LLY) tirzepatide is available as...
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Weight Loss Drugs Soar While Global Obesity Rates Climb, To Hit 50% Of Adults By 2050 Says New Report
Thursday, March 6, 2025 - 7:59pm | 608Weight loss drugs have taken the world by storm and saw strong demand for the companies selling them. A new study shows that despite the increase usage of weight loss drugs, obesity is still on the rise and could hit staggering numbers in the next 25 years. What Happened: The public support of...
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Bill Ackman Calls Out Coca-Cola, Pepsi Over Obesity Crisis — Ross Gerber Notes 'He Owns Several Crap Food Companies'
Tuesday, February 11, 2025 - 5:08am | 588Pershing Square Capital CEO Bill Ackman sparked controversy on social media platform X by criticizing the Coca-Cola Co. (NYSE:KO) and PepsiCo Inc. (NYSE:PEP) over their marketing practices, comparing them to tobacco companies and linking them to obesity and diabetes concerns. What Happened: Ackman...
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Weight Loss Drug Wars Heat Up: Amgen Challenges Eli Lilly, Novo's Dominance
Tuesday, December 3, 2024 - 10:16am | 534The battle for the multibillion-dollar obesity market just got fiercer. Amgen Inc's (NASDAQ:AMGN) new drug candidate, MariTide, reported promising results, helping patients shed around 20% of their body weight. But when up against the current titans — Eli Lilly And Co (NYSE:LLY) and Novo Nordisk A/...
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Amgen Reveals Data From Closely Watched Monthly Obesity Drug, With Weight Loss Of Up To 20% At One Year And No Plateau
Tuesday, November 26, 2024 - 9:36am | 498On Tuesday, Amgen Inc (NASDAQ:AMGN) stock fell during the premarket session after the company released long-anticipated data from the Phase 2 study of MariTide (maridebart cafraglutide, formerly AMG 133) in obese patients. The company said that MariTide demonstrated up to ~20% average weight...
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Eli Lilly Stock Eyes Worst Month Since February 2009: Is It Time To Buy The Dip?
Tuesday, November 19, 2024 - 2:46pm | 850Eli Lilly & Co. (NYSE:LLY) shares have nosedived 12.5% month-to-date through Nov. 19, putting the stock on track for its worst monthly performance since February 2009, when it tumbled 20.2%. The pharmaceutical giant, which ranks 11th by market capitalization in the S&P 500 and holds the...
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Economist Justin Wolfers Points To Obesity Rate Decline As Ozempic And Wegovy Spur Historic Shift In Fight Against Obesity — Has US Reached A Turning Point?
Sunday, October 6, 2024 - 10:46pm | 714The United States may have reached a turning point in its decades-long battle against obesity. Recent data suggests that 2020 could mark the year when obesity rates in America not only peaked but began to decline, echoing the historic moment in 1963 when cigarette sales in the U.S. hit their apex...
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Corbus Pharma (CRBP) Stock Drops 60% After Novo Nordisk's Cannabinoid-Based Weight Loss Drug Trial Disappoints
Friday, September 20, 2024 - 12:37pm | 654Shares of Corbus Pharmaceuticals (NASDAQ:CRBP) experienced a severe drop on Friday, plummeting almost 60% from $52 to $21, as competitor Novo Nordisk (NYSE:NVO) published trial results for monlunabant, a cannabinoid receptor 1 (CB1) inverse agonist. Novo Nordisk shares also traded down roughly 5.5...
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Cannabis And Metabolic Syndrome: A New Piece In The Puzzle, A 'Leap In Understanding' (CORRECTED)
Monday, August 5, 2024 - 12:15pm | 788Editor's Note: This article has been corrected to properly attribute the information to Dr. Benjamin Caplan, rather than a study that appeared in the American Journal of Medicine. Benzinga takes full responsibility for the error and apologizes to Dr. Caplan and our readers. A recent study published...
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Novo Nordisk's 'Miracle' Weight Loss Drug Ozempic Linked To 48% Lower Risk Of Dementia, Study Finds
Friday, July 12, 2024 - 5:19am | 763Novo Nordisk A/S. (NYSE:NVO) has found that its “miracle” weight loss drug used for diabetes, Ozempic, is linked to a significant reduction in the risk of dementia and other cognitive issues. What Happened: A study conducted at the University of Oxford revealed that patients who used...
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Novo Nordisk Surges Nearly 3% After Weight Loss Drug Wegovy Wins Approval in China
Tuesday, June 25, 2024 - 5:44am | 606Novo Nordisk‘s (NYSE:NVO) weight loss drug Wegovy has received approval in China, representing a notable achievement for the Danish pharmaceutical firm. In response to this announcement, the company’s U.S.-listed stock is experiencing a surge of over 2% in pre-market trading on Tuesday...
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Chinese Generic Ozempic, Wegovy Versions Could Put Novo Nordisk At The Risk Of Stiff Competition In Key Market
Wednesday, June 5, 2024 - 9:07pm | 723Novo Nordisk A/S (NYSE:NVO) is facing a significant challenge in China, where local pharmaceutical companies are developing generic versions of its key diabetes and obesity drugs. What Happened: As reported by Reuters on Sunday, at least 15 Chinese drugmakers are working on generic versions of Novo...
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Weight-Loss Drug Forecasts Skyrocket To $150B As Novo Nordisk, Eli Lilly Ramp Up Supply
Wednesday, May 29, 2024 - 5:37am | 551The global market for weight-loss drugs is expected to reach a staggering $150 billion by the early 2030s, a significant increase from the previous forecast of $100 billion. This surge is attributed to the growing availability of weight-loss medications from Novo Nordisk (NYSE:NVO) and Eli Lilly...
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This Biotech Stock Is Poised For 80% Upside With Breakthrough In Obesity Drug Market, Says JPMorgan
Tuesday, May 21, 2024 - 10:41pm | 635The Structure Therapeutics (NASDAQ:GPCR) stock has been identified as a potential winner in the obesity drug market. JPMorgan has given the stock a significant upside potential. What Happened: JPMorgan has initiated coverage of Structure Therapeutics, a biotech company, with an “Overweight...