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Investors Hungry for Lilly after Diabetes Pill Aces Phase III Trial

Investors Hungry for Lilly after Diabetes Pill Aces Phase III Trial

Eli Lilly’s oral diabetes drug orforglipron has become the first oral small molecule glucagon-like peptide-1 receptor agonist to succeed in a Phase III trial, leading to a surge in the company’s stock. The trial’s positive results included a significant reduction in A1C levels and significant weight loss in participants, exceeding expectations and leading to a boosted sales projection for the drug from ~$39 billion to $43 billion by Jefferies. This success led to a 14% rise in Lilly shares and marked a major advancement over competitors.

Source: www.genengnews.com –

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