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Eli Lilly raises forecasts on surging demand for weight-loss, diabetes drugs
Yahoo Finance· 2025-10-30 20:08
(Reuters) -Eli Lilly raised its full-year profit and revenue forecasts on Thursday as strong appetite for its widely popular weight-loss and diabetes drugs Zepbound and Mounjaro helped it breeze past third-quarter earnings estimates. Shares of the world's largest healthcare firm by market capitalization jumped over 5% in premarket trading even as investors remain wary of drug price negotiations with the Trump administration. Lilly competes with Novo Nordisk for the top spot in the weight-loss drug market ...
Eli Lilly raises forecasts on surging demand for weight-loss drugs
Yahoo Finance· 2025-10-30 19:13
(Reuters) -Eli Lilly raised its full-year profit and revenue forecasts on Thursday as strong appetite for its widely popular weight-loss and diabetes drugs Zepbound and Mounjaro helped it blow past third-quarter earnings estimates. Shares of the company, the world's largest healthcare firm by market capitalization, jumped 7% in premarket trading. Investors were keenly awaiting latest results from the drugmaker amid sky-high expectations for its GLP-1 portfolio and growing concern over potential U.S. pric ...