In this article, Eli Lilly CEO David Ricks informed Bloomberg TV on Monday that the company anticipates its experimental weight loss pill to receive approval as early as next year. The company is preparing to unveil crucial late-stage trial data on the drug, known as orforglipron, by the middle of this year.
Eli Lilly is striving to bring the pill to the market to compete with Novo Nordisk and other smaller competitors for a significant portion of the growing weight loss drug market. While Eli Lilly’s Zepbound and Novo Nordisk’s Wegovy currently dominate the market, both companies and their rivals are working on developing enhanced versions of these drugs.
The introduction of pills would offer greater convenience to patients compared to the current injectable forms and would be easier to produce, especially at a time when Eli Lilly and Novo Nordisk are facing challenges in meeting the escalating demand for their drugs.
In a mid-stage trial, Eli Lilly reported that orforglipron helped patients achieve weight loss of up to 14.7%, in contrast to 2.3% among those who received a placebo. Despite this positive development, Eli Lilly’s shares experienced a slight decline on Monday.
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