Lilly reports retatrutide outperforms Ozempic in Phase 3 trial
Retatrutide achieved greater A1C reduction and double the weight loss of Ozempic 2 mg. This reinforces its potential to transform type 2 diabetes care.
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Global biopharmaceutical company
lilly.comLast updated
In short: Lilly reported strong obesity-drug data, expanded manufacturing, won key approvals, and pursued acquisitions amid legal disputes.
Retatrutide achieved greater A1C reduction and double the weight loss of Ozempic 2 mg. This reinforces its potential to transform type 2 diabetes care.
Non-GAAP EPS rose 7% to $7.48. The company raised full-year guidance and announced new manufacturing sites.
Lilly achieved $24.5 billion in revenue and $6.2 billion net income for the fiscal year 2020, highlighting growth across therapeutic areas.
This pre-tax charge amounts to approximately $3.02 per share for both GAAP and non-GAAP earnings, subject to finalization.
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Lilly's retatrutide beats Novo's Ozempic on A1C in a Phase 3 head-to-head trial, demonstrating twice the weight loss.
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