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Eli Lilly leads obesity drug race with strong Q1 growth; Pfizer rebuilds post-COVID with new acquisitions.

Company Fundamentals
22 Jun 2026
24/7 Wall Street
View Source
Bullish
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Eli Lilly reported a 55.5% revenue increase to $19.80B in Q1 2026, driven by obesity drugs Mounjaro and Zepbound, while Pfizer's revenue rose 5.4% to $14.45B, supported by Eliquis and oncology products but weighed down by declining COVID-related sales. Lilly's FDA approval of Foundayo, the first oral GLP-1 pill, strengthens its market lead, whereas Pfizer is investing $7B in obesity assets to catch up. Lilly raised its full-year guidance, signaling strong growth momentum, while Pfizer focuses on stabilizing its portfolio and extending patent exclusivity. Investors see Lilly as a growth play and Pfizer as an income option due to its dividend yield.

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