Australia Bans Replica Versions Of Popular Weight-Loss Drugs From Novo Nordisk, Eli Lilly On Safety Concerns [Yahoo! Finance]
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Eli Lilly and Company (LLY)
Last eli lilly and company earnings: 4/23 06:25 am
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Source: Yahoo! Finance
Recently, the Chinese regulatory authority approved Eli Lilly's diabetes drug, tirzepatide Health Minister Mark Butler emphasized that these unregulated copies have not undergone rigorous testing, leading to potential patient risks. Related: The Ozempic Diet: Nestle Launches $5 Pizza For Weight Loss Drug Users Demand for Ozempic and Mounjaro has surged due to their effectiveness in weight loss. However, the popularity of these medications has led to shortages, prompting some patients to turn to compounded alternatives. Compounded drugs are custom-made versions based on the same ingredients as branded drugs. While often cheaper, they lack clinical evaluation by regulators for safety, quality, or efficacy. Butler noted a rise in reports of adverse events linked to these GLP-1 copies, including a serious incident that resulted in hospitalization. Reuters noted that to protect public health, Butler announced new regulations to remove GLP-1 receptor agonists, such as those being
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LLY
News
- Eli Lilly unveils new manufacturing plant for GLP-1 pens [Yahoo! Finance Canada]Yahoo! Finance Canada
- Pre-diabetes rates increase amidst a renaissance for type 2 diabetes research [Yahoo! Finance]Yahoo! Finance
- Biologics Market to Surpass USD 1125.55 Billion by 2031 | SkyQuest [Yahoo! Finance]Yahoo! Finance
- Eli Lilly doubles investment to $2 billion in Concord pharma facility ahead of opening [Yahoo! Finance]Yahoo! Finance
- Aktis Oncology Expands its Board of Directors with Appointment of Nuclear Medicine Expert Ken Herrmann, MD, MBA [Yahoo! Finance]Yahoo! Finance
LLY
Earnings
- 4/30/24 - Beat
LLY
Sec Filings
- 6/14/24 - Form 144
- 6/11/24 - Form 4
- 6/10/24 - Form 4
- LLY's page on the SEC website