Get 40% Off
☕ Buy the dip? After losing 17%, Starbucks sees an estimated 20% upside. See the top Undervalued stocks!Unlock list

Some doses of Lilly's Mounjaro in tight supply through April, US FDA says

Published 04/02/2024, 12:22 PM
Updated 04/02/2024, 12:25 PM
© Reuters. FILE PHOTO: Eli Lilly logo is shown on one of the company's offices in San Diego, California, U.S., September 17, 2020. REUTERS/Mike Blake/File Photo

(Reuters) - Four doses of Eli Lilly (NYSE:LLY)'s diabetes drug Mounjaro would remain in tight supply through 2024 due to soaring demand, the U.S. Food and Drug Administration's website showed.

The regulator noted limited availability of 7.5, 10, 12.5, and 15 milligram doses through April, while lower doses were listed as "available". The FDA had previously said that three doses would have limited availability through early March.

The injection, which is chemically known as tirzepatide, gained the FDA's approval for weight loss under the brand name Zepbound in the United States last year.

Bloomberg News reported last Thursday that pharmacies such as Rite Aid (NYSE:US90274J5618=UBSS) and Amazon (NASDAQ:AMZN) Pharmacy were facing a short supply of Zepbound. However, the U.S. health regulator does not currently consider the obesity shot to be in shortage.

Lilly said last week it continues to manufacture and ship all doses of Zepbound, but due to the unprecedented demand for these medicines, some patients could experience difficulty when trying to fill their prescription at their pharmacy.

Soaring demand for a class of highly effective diabetes and obesity drugs known as GLP-1 agonists, which suppress appetite and promote a feeling of fullness, has led to supply constraints for drugmakers such as Lilly and Danish drugmaker Novo Nordisk (NYSE:NVO).

Lilly's Mounjaro was approved in 2022 for patients with type-2 diabetes to control their blood sugar levels.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.