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Eli Lilly shares jumped 13% as the company released weight loss pills research data
On April 17, Eli Lilly (LLY.N) rose 13% pre-market, after releasing weight loss drug research data. Eli Lilly today announced positive Phase 3 topline results from ACHIEVE-1, evaluating the safety and efficacy of oglilam compared to placebo in adults with type 2 diabetes and inadequate control through diet and exercise alone. Orforglipron is the first oral small molecule glucagon-like peptide-1 (GLP-1) receptor agonist with no dietary and water restrictions, successfully completing a Phase 3 trial. If approved, the company is confident in its ability to roll out Orforglipron globally without supply constraints. This will further Eli Lilly’s mission to reduce chronic diseases such as type 2 diabetes, which is expected to affect approximately 760 million adults by 2050.