Lilly Will Test Obesity Drugs on Addiction, CEO Says
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Eli Lilly & Co. plans to test its weight-loss drugs for potential use in treating addictive behaviors such as alcohol abuse, smoking, and drug addiction, as announced by CEO Dave Ricks.
December 10, 2024 | 8:45 pm
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Eli Lilly & Co. is set to test its weight-loss drugs for treating addiction, potentially expanding the use of these medicines beyond weight management.
The announcement of testing weight-loss drugs for addiction treatment could open new markets for Eli Lilly, potentially increasing revenue and enhancing its market position. This news is likely to positively impact LLY's stock price in the short term as investors anticipate the potential for expanded drug applications.
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