Eli Lilly Achieves Record Sales in Q2 2023 With Mounjaro and Zepbound

Thursday, 8 August 2024, 13:00

Eli Lilly has significantly outperformed second-quarter forecasts, attributed to the remarkable success of its diabetes medication Mounjaro and the weight loss drug Zepbound, which collectively generated over $4 billion in sales. The company has also revised its full-year guidance upward, surpassing Wall Street's predictions, thanks to the growing popularity of these medications. This strong performance has resulted in a surge in Eli Lilly's stock prices following the release of its quarterly results.
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Eli Lilly Achieves Record Sales in Q2 2023 With Mounjaro and Zepbound

Eli Lilly's Q2 Performance

Eli Lilly has exceeded second-quarter expectations, with its diabetes medication Mounjaro and weight loss drug Zepbound driving impressive sales. Together, these products contributed over $4 billion in revenue to the company.

Revised Forecast

Thanks to the strong sales figures and growing demand, Lilly has raised its forecast for the year, now projecting results well beyond Wall Street's expectations.

Market Reaction

  • Stock prices surged significantly before the market opened Thursday.
  • Investor confidence in the company is reflected in its stock performance.

In conclusion, Eli Lilly's exceptional quarterly results highlight the success of its innovative therapies and positive market outlook going forward.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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