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Eli Lilly and Novo Nordisk Lead Pharma Surge

The weight-loss drugs of Eli Lilly and Novo Nordisk have led to soaring share prices as investors anticipate high demand in the obesity drug market. Analysts predict strong revenue growth for both companies, but caution that risks and uncertainties may impact the market rally.

by Mark Eisenberg
Sat, Feb 17, 2024 1:11am
in Business
• 3 mins read
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Eli Lilly and Novo Nordisk Lead Pharma Surge | FinOracle

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Eli Lilly and Novo Nordisk's Weight-Loss Drugs Drive Soaring Shares

U.S.-based Eli Lilly and Denmark's Novo Nordisk are reaping the rewards of their weight-loss drugs, leading to a surge in their share prices that rivals high-growth tech stocks. Both retail and institutional investors have been flocking to these pharmaceutical giants over the past year, anticipating the explosive demand for their obesity drugs, known as GLP-1 agonists, in a market that analysts predict could exceed $100 billion.

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