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Eli Lilly Becomes First Drugmaker to Reach $1 Trillion Market Value

Surging demand for Mounjaro and Zepbound has lifted sales, boosting investor confidence.

Overview

  • Shares crossed the $1 trillion threshold on Friday after a rally of more than 35% this year.
  • In Q3, Lilly posted $17.6 billion in revenue, with $10.09 billion from its diabetes and obesity portfolio.
  • Wall Street raised targets—Truist to $1,182 and JPMorgan to $1,150—citing sustained demand and pipeline momentum.
  • Investors are watching oral candidate orforglipron, with Lilly indicating obesity submissions by year-end and analysts projecting possible approval next year.
  • Lilly struck a White House pricing deal and outlined production expansions, moves that could widen access and support growth.