Africa's Biggest Drugmaker Can Help Ease Obesity Medicine Supply Crunch [BNN Bloomberg (Canada)]
Eli Lilly and Company (LLY)
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Source: BNN Bloomberg
Aspen Pharmacare Holdings Ltd., which signed a deal last year to distribute and promote Eli Lilly & Co.'s blockbuster diabetes drug Mounjaro throughout Southern Africa, has the capacity to boost availability of the most in-demand shots globally, chief executive officer Stephen Saad said in an interview with Bloomberg. This could take the form of so-called fill and finish services, where the drug is packaged for use, he said. Drug companies like Lilly and Denmark's Novo Nordisk A/S have been cashing in on eye-watering demand for new obesity and diabetes medication, with data showing patients are able to shed large amounts of weight. But they could have sold even more had there not been severe supply constraints. In time, Aspen also sees an opportunity to make both glucagon-like peptide 1 diabetes drugs and the higher dose obesity medicines at its main facility in South Africa, Saad said. Aspen is already partnering with global pharmaceutical and biotechnology companies for niche
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LLY
Earnings
- 4/30/24 - Beat
LLY
Sec Filings
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- 4/30/24 - Form 10-Q
- 4/30/24 - Form 8-K
- LLY's page on the SEC website