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Eli Lilly leads pharma gains with strong GLP-1 growth; Merck holds steady; Novo Nordisk faces pricing challenges.

Analyst Insights
19 Aug 2026
24/7 Wall Street
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Neutral
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Eli Lilly shows strong performance with 48% revenue growth driven by GLP-1 drugs Mounjaro and Zepbound, raising 2026 guidance significantly. Novo Nordisk struggles with pricing cuts and pipeline setbacks, keeping its stock range-bound despite solid sales. Merck's stock has surged 31% year-to-date, reflecting confidence in its pipeline despite the upcoming KEYTRUDA patent cliff. Investors see Lilly as the leader in incretin drugs, Merck as fairly valued with growth potential, and Novo as facing near-term challenges.

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