Eli Lilly cuts cost of certain Zepbound doses by at least 50%
Published On Aug 27, 2024, 5:51 AM
Eli Lilly has significantly cut the prices of its Zepbound weight-loss drug, offering single-dose vials that cost at least 50% less than competing GLP-1 drugs. This move comes due to increased demand for the medication. The company expects this reduction to improve access for many people struggling with obesity, including those without insurance or coverage. Eli Lilly's earnings have been bolstered by the popularity of its medications in the GLP-1 class, with projections indicating a massive growth in the market over the next several years.
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Eli Lilly's decision to reduce the price of Zepbound could lead to increased sales, as more patients will be able to afford it compared to competitors. This strategic move is likely to enhance its market share in the rapidly growing GLP-1 drug market, projected to exceed $100 billion by 2030. Overall, this could contribute positively to Eli Lilly's revenue and earnings growth, making it an attractive investment opportunity.
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