Eli Lilly shares are trading higher after the company announced results from the SURMOUNT-1 three-year study of Tirzepatide, showing that weekly Tirzepatide injections reduced the risk of progression to type 2 diabetes by 94% in adults with pre-diabetes and obesity.
Portfolio Pulse from Benzinga Newsdesk
Eli Lilly's shares are rising following positive results from the SURMOUNT-1 study, which showed that Tirzepatide injections significantly reduce the risk of developing type 2 diabetes in adults with pre-diabetes and obesity.
August 20, 2024 | 7:21 pm
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Eli Lilly's stock is trading higher due to the successful results of the SURMOUNT-1 study, which demonstrated that Tirzepatide injections can reduce the risk of type 2 diabetes by 94% in adults with pre-diabetes and obesity.
The positive results from the SURMOUNT-1 study are likely to increase investor confidence in Eli Lilly's product pipeline, particularly in the diabetes treatment market. This significant reduction in diabetes risk could lead to increased demand for Tirzepatide, positively impacting Eli Lilly's revenue and stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100