UPDATE 2-India's Cipla open to partnering with Eli Lilly to market their obesity drugs, CEO says [Yahoo! Finance]
Eli Lilly and Company (LLY)
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Source: Yahoo! Finance
HYDERABAD/BENGALURU, May 10 (Reuters) - Cipla is open to partnering with U.S. drugmaker Eli Lilly to market its blockbuster obesity treatment drugs in India, the company's CEO said on Friday. 'Absolutely and always open...we value our partnership with Lilly tremendously and I think the two companies are culturally aligned," Cipla's Global CEO Umang Vohra said in response to a Reuters query. Global demand has outpaced supply for Lilly's Mounjaro and Zepbound as well as Danish rival Novo Nordisk's Wegovy and Ozempic. They belong to a therapy area of GLP-1 receptor agonists, developed to control blood sugar in patients with type 2 diabetes, but have gained popularity for their role in weight loss. Sensing the market opportunity, Indian drugmakers, including Cipla, are working to develop their copycat versions of the weight-loss drugs to aggressively grab a larger share in the market in the world's most populous country. Lilly, in February, told Reuters that it expects to launch
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