Eli Lilly's Famed Weight Loss Drug Zepbound Works As Sleep Apnea Treatment, Successful Late-Stage Studies Show
Portfolio Pulse from Vandana Singh
Eli Lilly's tirzepatide, initially known for weight loss, has shown effectiveness in treating obstructive sleep apnea (OSA) in late-stage SURMOUNT-OSA phase 3 trials. The drug significantly reduced the apnea-hypopnea index (AHI) compared to placebo, meeting primary endpoints. It also led to substantial body weight reduction. Lilly plans to submit these findings to the FDA and other global regulatory bodies. Following this news, LLY shares rose 2.58% in premarket trading.
April 17, 2024 | 12:59 pm
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Eli Lilly's tirzepatide successfully treats sleep apnea in phase 3 trials, leading to a premarket share price increase of 2.58%.
The positive results from the SURMOUNT-OSA phase 3 trials of tirzepatide in treating obstructive sleep apnea, along with the significant body weight reduction observed, are likely to enhance investor confidence in Eli Lilly. The announcement of plans to submit these findings to the FDA and other global regulatory bodies further supports the potential for tirzepatide's approval for this new indication, which could expand its market significantly. The immediate positive reaction in premarket trading indicates strong investor optimism about the drug's future prospects.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100