The acquisition comes as new CEO Mike Doustdar tries to revive once meteoric growth that has come crashing down to earth this year.
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A 2024 RAND study found that US drug prices are 278% higher than in 33 other developed countries in the OECD.
Both companies have been desperate to innovate beyond their current injectable GLP-1 weight-loss drugs for a while now.
China’s pharmaceutical sector, a minor player just years ago, has revved up into a global juggernaut faster than a Fuxing high speed train.
About 5 million people are affected by idiopathic pulmonary fibrosis globally, according to the National Institutes of Health.
Morgan Stanley analysts have estimated that Lilly’s GLP-1 pill could bring in as much as $40 billion in annual sales by 2033.
Novo said cash-paying Americans can now buy Ozempic for $499 per month through various channels including its official website.
Lilly’s second-quarter results reported Thursday were still more than fine: $15.5 billion in revenue beat Wall Street estimates.
Novo and Hims’ April team-up turned the two firms from competitors into collaborators at just the right moment.
Novo Nordisk, maker of weight-loss drug Wegovy, struck a deal with online telehealth storefronts that sold cheap knockoffs during shortages.
The company plans to seek regulatory approval for the revolutionary weight loss treatment by the end of the year.
Eli Lilly last week announced a $27 billion investment in four different domestic manufacturing plants to boost weight-loss drug production.
Now that semaglutide’s no longer in shortage territory, the FDA said drug-makers have 90 days to wrap up production of their Novo knockoffs.
It can be hard to sate investors’ appetites, but if there’s two companies who should know how to do it, it’s these two.
On Friday, the Danish pharma giant released the stellar results from a phase 1/2 trial for a once-weekly jab in its pipeline.
Traditionally, New Year’s resolutions to lose weight involve getting to the gym more. In a post-GLP-1 world, that’s looking less necessary.