US FDA approves Lilly weight-loss drug, will compete with Novo's Wegovy

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US FDA approves Lilly weight-loss drug, will compete with Novo's Wegovy
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US FDA approves Lilly weight-loss drug, will compete with Novo's Wegovy

© Reuters. FILE PHOTO: An Eli Lilly and Company pharmaceutical manufacturing plant is pictured at 50 ImClone Drive in Branchburg, New Jersey, March 5, 2021. REUTERS/Mike Segar/File Photo)'s drug for weight loss, giving the U.S. drugmaker official entry into a lucrative market that has captured Wall Street's enthusiasm this year.

Zepbound will be available in the U.S. by the end of the year at a list price of $1,059.87, according to Lilly. That compares with a list of $1,349 per-package for Novo Nordisk - a measure of weight based on height - of at least 30, or a BMI of 27 or more if a patient also has another weight-related health issue, such as heart disease.

The Indianapolis-based drugmaker said it is launching a commercial savings card program to make Zepbound cost as little as $25 for patients whose insurance agrees to cover the drug, and $550 for those whose insurance does not. The enormous demand for new weight-loss treatments could support as many as 10 competing products with annual sales reaching up to $100 billion within a decade, mostly in the United States, industry executives and analysts said earlier this year.

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