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Big Pharma Headcounts: Obesity Leaders Bulk Up As Others Go Lean

 
• By Andrew McConaghie

As Eli Lilly and Novo Nordisk reap the blockbuster rewards of their rival obesity therapies the companies are also bulking up their organizations to make the most of the phenomenal rise of the GLP-1 class.

The growth of GLP-1 agonist drugs has catapulted their manufacturers into a league of their own in terms of market value: Eli Lilly is the world’s most valuable pharma company with a current market capitalization of around $710bn, while Novo Nordisk is second at around $358bn.

Those values are based on investor assumptions that the sales of Zepbound (tirzepatide) and Ozempic (semaglutide), and follow-on drugs, will grow exponentially over the next decade, and the companies are

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