BUZZ-Eli Lilly falls after rival Novo Nordisk reports next-gen obesity drug data

Reuters2025-03-10
BUZZ-Eli Lilly falls after rival Novo Nordisk reports next-gen obesity drug data

** Shares of U.S. drugmaker Eli Lilly LLY.N fall 1.5% to $856.37 premarket

** Danish rival Novo Nordisk NOVOb.CO reports late-stage data for its experimental next-generation weight-loss drug, CagriSema

** Says CagriSema helped overweight patients with type 2 diabetes (T2D) cut their weight by 15.7% after 68 weeks compared to 3.1% with placebo

** This compares to absolute weight loss of up to ~15.5% shown by LLY's obesity drug Zepbound in T2D patients at week 68 in a late-stage study - Brokerage Leerink Partners

** The CagriSema weight loss data appears a comparable cross-trial to LLY's Zepbound, brokerage says

** Up to last close, LLY stock had risen 11.5% in the past 12 months

(Reporting by Mariam Sunny in Bengaluru)

((Mariam.ESunny@thomsonreuters.com;))

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