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Why Eli Lilly Stock Jumped to a Record High on Tuesday

Close-up of a patient using an Eli Lilly & Co. Zepbound injection pen.

Shelby Knowles / Bloomberg via Getty Images

Key Takeaways

  • A three-year study of tirzepatide—the active ingredient in Eli Lilly's injectable weight-loss drug Zepbound and diabetes treatment Mounjaro—showed a 94% reduction in type 2 diabetes progression risk compared to a placebo.
  • Patients who received tirzepatide lost 22.9% of their body weight on average, compared with 2.1% for patients who received a placebo.
  • Eli Lilly shares jumped to an all-time high on Tuesday, bringing their year-to-date return to more than 60%.

Eli Lilly (LLY) stock jumped to a record high on Tuesday after clinical trial results showed tirzepatide—the active ingredient in Lilly's injectable weight-loss drug Zepbound and diabetes treatment Mounjaro—lowered patients' risk of developing type 2 diabetes by 94%.

The three-year study of patients with prediabetes and either obesity or overweight also found that those who received tirzepatid💞e lost 22.9% of their body weight on average, compared with 2.1% for patients treated with a placebo. 

"Obesity is a chronic disease that puts nearly 900 million adults worldwide at an increased risk of other complications such as type 2 diabetes," said Jeff Emmick, senior vice president of product development at Lilly.

Zepbound, Mounjaro Sales Soaring

The study adds to the growing list of benefits offered by tirzepatide and other GLP-1 receptor agonists, including reducing the 澳洲幸运5官方开奖结果体彩网:risk of heart failure and 澳洲幸运5官方开奖结果体彩网:treating sleep apnea.

Earlier this month, Eli Lilly reported Mounjaro sales more than 澳洲幸运5官方开奖结果体彩网:tripled year-over-year to $3.09 billion in the second quarter. Zepbound sales exceeded $1 billion in just its second full quarter since being approved by the Food and Dr♉ug Administrat🎉ion in November.

Eli Lilly 5-year stock price chart

TradingView

Shares of Eli Lilly jumped 5% to an all-time high of $967 Tuesday morning, before paring gains to tradꦍe about 3% higher recently. The stock has risenꦐ more than 60% this year compared with a 17% gain for the S&P 500.

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