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Eli Lilly stock jumps 4% on EU nod for oral obesity pill Foundayo, outpacing peers Amgen and Novo Nordisk.

Market News
20 Oct 2026
24/7 Wall Street
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Bullish
Eli Lilly stock jumps 4% on EU nod for oral obesity pill Foundayo, outpacing peers Amgen and Novo Nordisk.

Eli Lilly's stock rose 4% following a positive recommendation from the European Medicines Agency for its oral obesity pill, Foundayo, which is now close to final approval in the EU. This pill offers dosing flexibility and treats both weight management and diabetes, unlike the current EU-approved competitor from Novo Nordisk. Amgen and Novo Nordisk stocks also rose but lagged behind Lilly's gains. The next step is the European Commission's final decision, which will determine Foundayo's market entry and competitive position in Europe.

Eli Lilly's stock is up 4.18% on Pluang, trading at USD 1,292.22 with a market cap of $1.11T as of Oct 21, 2026 00:01 WIB. Amgen and Novo Nordisk also show gains, with Amgen up 2.27% and Novo Nordisk up 1.95% at the same time.

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