• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Investing

Eli Lilly secures weight loss drug approval in China: How do rivals stack up?

by July 19, 2024
written by July 19, 2024

Eli Lilly (NYSE: LLY) has achieved a major milestone by securing regulatory approval for its weight management drug, Mounjaro, in China. 

This development, confirmed through the company’s official WeChat account, represents a significant expansion in Eli Lilly’s global footprint.

The approval was granted by the National Medical Products Administration (NMPA), China’s regulatory authority for pharmaceuticals. 

Mounjaro is designed for individuals with a body mass index (BMI) greater than 24 kg/m² and at least one related medical condition, providing a new option for weight management.

Eli Lilly had previously received approval for Tirzepatide, its diabetes treatment, in March. 

Recently, Novo Nordisk, a key competitor, also gained approval for its weight loss drug, Wegovy. 

The timing of Mounjaro’s approval highlights the competitive landscape in the burgeoning weight loss market.

Rising demand and market potential

The demand for weight loss medications surged following the popularity of Novo Nordisk’s Ozempic, which sparked a weight loss revolution. 

According to Goldman Sachs analysts, the market for weight loss drugs could reach $100 billion by 2030. 

Eli Lilly’s stock has risen 46% year-to-date, while Novo Nordisk’s shares are up 28%, reflecting the growing investor interest in this sector.

Competitors in the weight loss space

While Eli Lilly and Novo Nordisk currently lead the market, several competitors are developing their own weight loss solutions. Here’s a snapshot of how they measure up:

Viking Therapeutics

Viking Therapeutics is advancing both a weight loss pill and an injection. The pill has shown an average weight loss of 3.3% over 28 days, while the injection has resulted in a 14.7% weight loss over 13 weeks. The pill is in mid-stage trials and may reach the market before the injection, but it is not expected to challenge Eli Lilly’s dominance in the near term.

Amgen

Amgen’s MariTide differs from other weight loss drugs as it is administered monthly rather than weekly and uses an antibody-drug conjugate. Initial trials indicate that patients lose over 14.5% of their body weight in 12 weeks. Its unique administration method could provide a competitive edge.

Altimmune

Altimmune’s pemvidutide has shown results comparable to Novo Nordisk’s Wegovy. Additionally, it reduces muscle loss, a common side effect of weight loss drugs. Currently in mid-stage trials, pemvidutide is expected to gain FDA approval by the end of the year, but its impact on the market will depend on final results and approval timelines.

AstraZeneca and Eccogene

AstraZeneca is collaborating with Chinese biotech company Eccogene on a weight loss drug. Although the drug is several years away from market introduction, its anticipated competitive pricing strategy has already generated significant interest. The unique pricing model could potentially disrupt the market once the drug is available.

Future outlook and market dynamics

The weight loss drug market is highly competitive, with nearly every pharmaceutical company pursuing innovations in this area. Eli Lilly’s ability to maintain its pace of innovation will be crucial in sustaining its market leadership. While the company is currently well-positioned, it must remain vigilant as new, potentially more effective treatments enter the market.

As the industry evolves, Eli Lilly’s strategic moves and continuous innovation will determine its ability to stay ahead of the competition in the dynamic and rapidly growing weight loss sector.

The post Eli Lilly secures weight loss drug approval in China: How do rivals stack up? appeared first on Invezz

0 comment
0
FacebookTwitterPinterestEmail

previous post
Short PHM: Stock Hits Historic High at $130, Rejection Day Sets Midpoint as Short-Term Target
next post
World’s largest EV battery maker CATL powers 4-ton electric plane, marks major progress in aircraft electrification

related articles

Asian markets open: Nikkei, Hang Seng fall on...

June 12, 2025

Aluminum and steel tariffs spark rise in secondary...

June 12, 2025

Airbus sees aviation boom ahead, global fleet to...

June 12, 2025

US-China trade talks and Washington’s decade-long effort to...

June 12, 2025

Europe markets open: Stoxx 600 dips as UK...

June 12, 2025

UK GDP falls by 0.3% in April as...

June 12, 2025

Gordon Brothers buys Poundland; pledges £80 mn for...

June 12, 2025

Air India plane crash: London-bound flight with 242...

June 12, 2025

Air India plane crash live update: Indian President...

June 12, 2025

Copper remains supported for now even as China...

June 12, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Biden set to tighten Nvidia AI chip exports to maintain US AI dominance

    January 9, 2025
  • Trump’s frustrations with Zelenskyy escalate as US turns up pressure on Ukraine to reach peace deal

    February 21, 2025
  • Biden-Harris administration failed to recoup $200B in fraudulent COVID loans, House committee says

    November 1, 2024
  • Carrie Underwood to perform ‘America the Beautiful’ at Trump inauguration

    January 13, 2025
  • Vance reveals ’empowering’ aspects of Trump’s leadership that enables ‘trust’ and squashes ‘turf battles’

    April 30, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 3

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,005)
  • Investing (634)
  • Stock (809)

Latest Posts

  • USAID missions overseas ordered to shut down, staff being recalled: report

    February 5, 2025
  • The Hitchhiker’s Guide to President Trump’s speech to Congress tonight

    March 4, 2025
  • Musk confident DOGE will save $1 trillion as government cost cutting continues

    May 30, 2025

Recent Posts

  • Musk is not DOGE employee, has no more authority than other WH staff, new filing says

    February 18, 2025
  • Trump claims ‘I don’t know her’ and ‘listened to’ RFK Jr about surgeon general pick getting MAGA pushback

    May 9, 2025
  • Agenus stock plummets over 50% as FDA rejects accelerated approval for BOT/BAL cancer therapy

    July 18, 2024

Editor’s Pick

  • Trump doesn’t plan to deport Prince Harry, saying Meghan Markle is enough of a burden for the royal

    February 9, 2025
  • Hamas launches first attack on Israel since ceasefire collapse

    March 20, 2025
  • ‘Tipping the scales’: House GOP leaders rip ActBlue after Dem fundraising giant hit with subpoena

    October 31, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock