Novo Nordisk’s shares plummeted 17% due to a sales forecast decline and patent protection losses, while Eli Lilly’s shares rose 8% on robust sales growth predictions and strong patent protection for its weight-loss drugs. Eli Lilly’s market position is strengthening with high demand for Mounjaro and Zepbound, and the planned launch of an oral weight-loss drug, contrasting sharply with Novo Nordisk’s challenges from price reductions and increasing competition.
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Novo Nordisk & Eli Lilly: The Stock Market Battle for Weight-Loss Dominance
Novo Nordisk’s shares plummeted 17% due to a sales forecast decline and patent protection losses, while Eli Lilly’s shares rose 8% on robust sales growth predictions and strong patent protection for its weight-loss drugs. Eli Lilly’s market position is strengthening with high demand for Mounjaro and Zepbound, and the planned launch of an oral weight-loss drug, contrasting sharply with Novo Nordisk’s challenges from price reductions and increasing competition.