Market Chatter: Eli Lilly Files Suits Against Companies Selling Weight-Loss Drug

MT Newswires Live10-21 20:12

Eli Lilly (LLY) has filed lawsuits against medical spas and online vendors for selling products claiming to contain tirzepatide, the main ingredient in its weight-loss drug Zepbound, Reuters reported Monday, citing a company statement.

The lawsuits named Pivotal Peptides, MangoRx, and Genesis Lifestyle Medicine of Nevada, the report said.

The legal actions against sellers of the drug are first since the US Food and Drug Administration took tirzepatide off the list of medicines in short supply this month. Eli Lilly claims the lawsuits were not connected to the FDA delisting, Reuters reported.

The lawsuits were filed in Indiana, Texas, and Washington courts and demand that the companies stop selling the drugs and pay monetary damages, Reuters reported.

Eli Lilly did not immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 914.00, Change: -3.97, Percent Change: -0.43

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment