Eli Lilly falls after late-stage trial data for oral weight loss therapy

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Eli Lilly and Company Research Laboratories. Lilly makes Medicines and Pharmaceuticals.

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Eli Lilly (NYSE:LLY) shares slipped ~12% in the premarket on Thursday after the company disclosed topline data from a late-stage trial for its oral GLP-1 receptor agonist orforglipron targeting obese or overweight adults.

Novo Nordisk (NVO), LLY’s main rival

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