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Stock impact report

Why Did Eli Lilly Stock Slide 6% Despite Strong GLP-1 Momentum? [Yahoo! Finance]

Eli Lilly and Company (LLY) 
Last eli lilly and company earnings: 4/23 06:25 am Check Earnings Report
US:NYSE Investor Relations: investor.lilly.com
Company Research Source: Yahoo! Finance
driven by itsblockbuster tirzepatide (GLP-1) injections, Mounjaro for type II diabetes (T2D) and Zepbound for obesity. Despite being on the market for just over three years, both products have delivered exceptional sales growth as demand for GLP-1 therapies has surged worldwide. Together, these medicines now account for more than half of Lilly's total revenues, underscoring how central the franchise has become to the company's growth story. However, Lilly's shares fell about 5.9% on Tuesday after HSBC reportedly downgraded the rating on the stock and lowered its price target. The investment bank flagged potential pricing pressure, rising competition in the obesity drug market and the possibility that long-term revenue expectations for GLP-1 drugs may be overly optimistic. Another overhang is the continued availability of compounded versions of tirzepatide in certain channels despite the FDA's crackdown, which could temper demand for Lilly's branded therapies. Eli Lilly's primary r Show less Read more
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