Eli Lilly's Weight-Loss Pill Foundayo Gains FDA Approval, Competing with Novo Nordisk
Lilly's weight-loss pill wins US approval, sets up next battle with rival Novo Nordisk
The Economic TimesImage: The Economic Times
Eli Lilly's weight-loss pill, orforglipron, branded as Foundayo, received FDA approval and will be available starting April 6 for $149 per month. This positions Lilly in direct competition with Novo Nordisk's GLP-1 medications, as both companies vie for the weight-loss market in the U.S.
- 01Eli Lilly's orforglipron pill, branded as Foundayo, approved by the FDA.
- 02Patients in trials lost 12% to 15% of their body weight.
- 03Foundayo will be available from April 6 for $149 per month.
- 04Lilly's pill offers more flexible dosing compared to Novo Nordisk's Wegovy.
- 05Analysts predict pills could capture 20% of the weight-loss market by 2030.
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The U.S. Food and Drug Administration (FDA) has approved Eli Lilly's weight-loss pill, orforglipron, to be marketed as Foundayo. This once-daily oral medication targets the GLP-1 hormone and has shown promising results in clinical trials, with patients losing between 12% and 15% of their body weight. Foundayo will be available starting April 6 at a price of $149 per month, aligning it with Novo Nordisk's pricing for its GLP-1 medications. This approval re-establishes Lilly's competition with Novo Nordisk, which previously led the market with its injectable GLP-1 drugs, including Ozempic and Wegovy. Analysts note that Foundayo's flexible dosing—allowing it to be taken at any time of day—could influence its market uptake compared to Novo's Wegovy, which requires specific timing with meals. Shares of Lilly rose 6% following the announcement, while Novo's shares dipped slightly. Analysts estimate that oral medications like Foundayo could capture around 20% of the weight-loss market by 2030, although injectables are expected to remain the more effective option for weight loss.
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The approval of Foundayo means more accessible weight-loss options for patients, potentially influencing their treatment choices and affordability.
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