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Eli Lilly surges 55.5% in Q1 revenue, outpacing Novo Nordisk's 4% sales drop amid obesity drug competition.

Company Fundamentals
11 Jun 2026
24/7 Wall Street
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Neutral
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Eli Lilly reported a strong Q1 2026 with revenue up 55.5%, driven by its obesity drug Mounjaro and new oral GLP-1 pill Foundayo, raising its full-year guidance. In contrast, Novo Nordisk saw a 4% adjusted sales decline, job cuts, and challenges including price cuts and a missed trial endpoint for its next-gen drug. Lilly is expanding aggressively with acquisitions and international growth, while Novo focuses on restructuring and managing pricing pressures. The competition now centers on oral GLP-1 drugs, with investors favoring Lilly's growth story but watching Novo's potential turnaround closely.

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