Eli Lilly achieves hard-won success with Alzheimer’s and obesity drugs
US drugmaker Eli Lilly is riding a wave of investor optimism and media hype about new treatments for two of the biggest public health problems: obesity and Alzheimer’s.
Scientific breakthroughs for both diseases have caused its shares to surge 75 per cent to a record high over the past 12 months. This week it leapfrogged Johnson & Johnson and UnitedHealth to become the world’s most valuable drugmaker and healthcare company by market capitalisation.
Chief scientific and medical officer Daniel Skovronsky told the Financial Times that Lilly was planning to launch more than 20 new drugs over the next decade to sustain its growth and that it wants to become the first trillion dollar healthcare company.
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