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Why IMU is a multi multi bagger, page-18032

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    09/11/23
    09:24
    Post #: 70800436

    Eli Lily gets key prescription weigh-loss approval

    The US Food and Drug Administration approved Eli Liliy's weight loss drug on Wednesday.

    The drug approved, tirzepatide, had already been approved for Type 2 diabetes under the trade name Mounjaro. The drug recently contributed to Eli Lily's boosted sales outlook as demand for prescription weight loss drugs has been a hot topic on Wall Street. Goldman Sachs estimated 15 million Americans will be taking weight loss drugs by 2030.

    Eli Lily (LLY) shares popped more than 1% on the news while competitor Novo Nordisk (NVO) saw shares slide more than 1%.

    IMU Price at posting: 8.1¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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