Eli Lilly has been rolling out Zepbound in recent months, and demand has been "unbelievable," says the CEO. Sales have been taking off, and that's even without spending aggressively on sales and marketing.
Achieving a $1 trillion market capitalization has long been a prestigious milestone in the stock market, with many companies striving to reach this level.
Lilly is making its obesity drug Zepbound available at less than half the cost of the list price of other GLP-1 drugs. The move is brilliant because it should expand the potential market for Zepbound.
The idea with the trade is that if Eli Lilly stock remains around 950 for the next few weeks, the sold option will decay faster than the bought option.
Eli Lilly is exploring whether its newest hit drug could be used to treat psoriasis. AbbVie's newest hit drugs already treat psoriasis, among other conditions.
Eli Lilly said it has begun selling vials of the smallest, starter dose of its popular weight-loss drug Zepbound in the United States for $399 for a month on its direct-to-consumer website to try to increase supplies in the marketplace.
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