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flag Eli Lilly's strong diabetes and weight-loss drug sales boosted earnings and revenue, sparking a bidding war between Novo Nordisk and Pfizer.

flag Eli Lilly's third-quarter earnings exceeded expectations, driven by $10 billion in combined sales from its diabetes and weight-loss drugs Mounjaro and Zepbound, which also helped the company surpass $25 billion in annual revenue. flag The success of GLP-1 receptor agonist treatments has intensified competition, leading to a $9 billion bid by Novo Nordisk for U.S. biotech Metsera Inc., surpassing Pfizer’s earlier offer. flag Pfizer called the move “reckless” and threatened legal action, claiming it undermines competition. flag Despite high costs—around $500 per month without insurance—improved supply and expanding insurance coverage are increasing patient access. flag Both Lilly and Novo are developing oral versions of their drugs to enhance convenience.

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