Eli Lilly became the first healthcare company to hit a $1 trillion market value, joining the ranks of Nvidia and Amazon, as GLP-1 weight-loss treatments become more common among U.S. adults.<\/p>\n
The maker of Zepbound and Mounjaro momentarily hit the market-cap milestone on Friday before dropping down in value. Berkshire Hathaway is the only other non-tech company to hit $1 trillion.\u00a0<\/p>\n
As of 11:10 a.m. ET, Eli Lilly traded at $1,049.98. So far this year, Eli Lilly\u2019s stock has risen more than 36%. The pharma company\u2019s revenue grew last quarter by 54% to $17.6 billion, thanks to its GLP-1 weight loss and diabetes drugs. It pushed its 2025 full-year revenue guidance up by $3.5 billion, totaling $63.5 billion.\u00a0<\/p>\n
A survey<\/a> from mid-November found that 13% of adults in the U.S. are using the latest class of weight-loss drug \u2014 a six percentage point rise from 18 months prior. And one in five adults in the U.S. (or 18%) say they\u2019ve used a weight-loss drug before, while another one in five adults said they\u2019d be interested in using one of the drugs for weight loss.<\/p>\n A new deal<\/a> with the Trump administration earlier in November also opened Eli Lilly to new markets. The company, along with its main competitor Novo Nordisk, agreed to lower the cost of their GLP-1 drugs in exchange for partial Medicare coverage.<\/p>\n However, in contrast to Eli Lilly\u2019s high, Novo Nordisk was down Friday. Its stock was trading at $47.51 a share with a market value of $210.95 billion. Eli Lilly\u2019s market value is sitting around $947 billion.<\/p>\n Quartz reached out to Eli Lilly for comment on its milestone. The pharmaceutical company said it \u201cremains focused\u201d on its \u201ccommitment to scientific breakthroughs and strategic investments to fuel a robust pipeline that meets patient needs.\u201d<\/p>\n Just days before Eli Lilly\u2019s market climb, Novo Nordisk announced a two-month introductory price<\/a> of $199 a month for U.S.-based cash buyers of Ozempic and Wegovy, plus lowered the \u201cstandard\u201d price for existing cash buyers to $349 a month from $499 to stay competitive.\u00a0<\/p>\n Eli Lilly\u2019s Zepbound sells on the LillyDirect platform for $299 a month for the lowest dose. It charges $449 per month for its highest doses, while Novo Nordisk charges $499 for its highest dose.\u00a0<\/p>\n Eli Lilly\u2019s industry domination is unlikely to stop here. Aside from the fact that it’s got a major lead in market value ahead of its competitors, the pharma company is planning on expanding its grip on the booming weight-loss industry with a highly anticipated weight-loss pill<\/a>.\u00a0<\/p>\n \u2014 Catherine Arnst contributed to this article.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Eli Lilly became the first healthcare company to hit a $1 trillion market value, joining the ranks of…\n","protected":false},"author":2,"featured_media":146917,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[134,527,111,139,69],"class_list":["post-146916","post","type-post","status-publish","format-standard","has-post-thumbnail","category-healthcare","tag-health","tag-healthcare","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/146916","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=146916"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/146916\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/146917"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=146916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=146916"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=146916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}