Eli Lilly and Company has pledged revenue growth growing forward from selling greater volumes of its drugs rather than from raising the prices for its products. Winning US Food and Drug Administration approval on 13 May for diabetes drug Mounjaro (tirzepatide) is a major milestone in that strategy.
The FDA approved the glucagon-like peptide-1 (GLP-1)/glucose-dependent insulinotropic polypeptide (GIP) agonist to improve blood sugar control in adults with type 2 diabetes as an addition to diet and exercise. The agency noted Mounjaro’s ability to both lower blood sugar and induce weight loss in clinical trials with better efficacy than placebo, insulin and Novo Nordisk A/S’s competing GLP-1 agonist Ozempic (semaglutide)
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