organization
Eli Lilly and Company
Also known as Lilly, LLY, Eli Lilly
Eli Lilly is an Indianapolis-based drugmaker whose tirzepatide (Mounjaro, Zepbound) drives most of its growth. Its revenue rose 48% to $23.0 billion in the second quarter of 2026.[1][2] It also won FDA approval for the GLP-1 pill Foundayo in April 2026 and plans to file the triple agonist retatrutide in early 2027.[3][4]
Key facts
Eli Lilly is Novo Nordisk’s main rival in GLP-1 medicines. Driven by its incretin drugs, its revenue rose 56% in the first quarter of 2026 and 48% in the second.[5][2] It is based in Indianapolis and led by chair and CEO David A. Ricks.[1]
Products
tirzepatide, a dual GIP/GLP-1 agonist, is sold as Mounjaro and as Zepbound for weight management.[6][7] In the second quarter of 2026, Mounjaro brought in $9.9 billion and Zepbound $4.9 billion.[2] In the head-to-head SURMOUNT-5 trial, tirzepatide produced more weight loss than semaglutide.[8]
orforglipron, a small-molecule GLP-1 pill, was approved as Foundayo on 1 April 2026 under the FDA’s National Priority Voucher pilot.[3] It brought in $98 million in the second quarter of 2026. Lilly has also filed it for type 2 diabetes.[2][9] In the ACHIEVE-4 trial, published in The Lancet on 30 September 2026, it was non-inferior to insulin glargine for major cardiovascular events in people with type 2 diabetes at high risk.[10]
On 28 August 2026 Lilly announced FDA approval of Mounjaro to lower the risk of heart attack, stroke and cardiovascular death in adults with type 2 diabetes at high risk, based on SURPASS-CVOT.[11] On 24 September it announced FDA approval of Onswik (insulin efsitora alfa), a once-weekly basal insulin for type 2 diabetes, after approvals in the EU, Mexico and Japan.[12]
Pipeline
retatrutide, a GIP/GLP-1/glucagon triple agonist, produced an average 28.3% weight loss at the top dose in TRIUMPH-1, according to Lilly’s May 2026 topline (efficacy estimand).[13] The peer-reviewed NEJM paper in September reported -25.0% versus -3.9% on placebo by intention-to-treat. In TRIUMPH-2, in people with type 2 diabetes, the top dose produced -18.8% versus -5.1%.[14][15] Lilly says the data package is complete for obesity, sleep apnea and knee osteoarthritis pain, and plans to file in the first quarter of 2027.[4] In August 2026 it filed six lawsuits against US sellers of unapproved, black-market retatrutide.[16]
Lilly is also combining tirzepatide with eloralintide, an amylin agonist. It reported up to 23.3% weight loss versus 14.8% with tirzepatide 15 mg alone in a 48-week phase 2b trial in type 2 diabetes, with phase 3 due to start in Q4 2026.[17]
Prices, coverage and capacity
Lilly is a party to the November 2025 White House pricing agreement, which set Medicare’s price for Mounjaro and Zepbound at $245 a month.[18] Foundayo and Zepbound are covered under Medicare’s GLP-1 Bridge.[19] In the second quarter of 2026, worldwide realised prices fell 13% while volume rose 60%.[20] Lilly raised its 2026 revenue guidance to $85.0–87.0 billion. It committed an additional $4.5 billion to expand Indiana manufacturing.[21][22] On 28 September 2026 it launched a commitment to treat as many people with its diabetes and obesity medicines in resource-limited settings, including low- and middle-income countries, as in high-income countries before 2040.[23]
Competition
Lilly’s main rival is novo-nordisk. Lilly’s tirzepatide was the comparator that Novo’s cagrisema failed to match at its top dose in REDEFINE 4, although Novo reported in September 2026 that low-dose CagriSema beat tirzepatide 5 mg in type 2 diabetes.[24][25] In oral drugs, Foundayo competes with Novo’s Wegovy pill. A 2026 indirect comparison favoured oral semaglutide on weight loss, but no head-to-head trial had reported.[26]
Questions readers ask
What are Lilly's main GLP-1 products?
Tirzepatide, sold as Mounjaro and Zepbound, and the oral GLP-1 orforglipron, sold as Foundayo. Retatrutide is still investigational.[2][3][27]
Are Lilly's prices falling?
Lilly reported a 13% decrease in worldwide realised prices in the second quarter of 2026, outweighed by a 60% increase in volume. US price declines were driven mainly by Zepbound and Mounjaro.[20]
When might retatrutide reach the market?
Lilly plans to submit retatrutide to the FDA in the first quarter of 2027. An approval decision would follow FDA review.[4]
What did Lilly announce in autumn 2026?
FDA approval of Mounjaro to cut cardiovascular risk in type 2 diabetes (August), approval of the once-weekly insulin Onswik (September), peer-reviewed retatrutide phase 3 results, ACHIEVE-4 heart-safety data for Foundayo, and a pledge on access in low- and middle-income countries.[11][12][14][10][23]
Sources
Each numbered claim is a statement we checked against the sources listed with it. Status shows how well established it is.
- [1]
Eli Lilly and Company is headquartered in Indianapolis and is led by chair and CEO David A. Ricks. confirmedas of 2026-08-05
- Eli Lilly and Company Form 8-K exhibit 99.1, second-quarter 2026 results · Eli Lilly and Company (SEC filing) · 2026-08-05 (retrieved 2026-10-10)
- Eli Lilly and Company Form 8-K exhibit 99.1, second-quarter 2026 results · Eli Lilly and Company (SEC filing) · 2026-08-05 (retrieved 2026-10-10)
- [2]
Lilly's second-quarter 2026 revenue rose 48% to $23.0 billion, including $9.9 billion from Mounjaro, $4.9 billion from Zepbound and $98 million from Foundayo. confirmedas of 2026-08-05
- Eli Lilly and Company Form 8-K exhibit 99.1, second-quarter 2026 results · Eli Lilly and Company (SEC filing) · 2026-08-05 (retrieved 2026-10-10)
- [3]
On 1 April 2026 the FDA approved Lilly's orforglipron, branded Foundayo, for adults with obesity or overweight with weight-related conditions, under the National Priority Voucher pilot about 50 days after filing. confirmedas of 2026-04-01
- FDA approves Foundayo, an oral GLP-1, for adults with obesity · Healio · 2026-04-01 (retrieved 2026-10-10)
- Eli Lilly's obesity pill approved by FDA, setting up fierce competition with Novo Nordisk · STAT · 2026-04-01 (retrieved 2026-10-10)
- Eli Lilly and Company Form 8-K exhibit 99.1, first-quarter 2026 results · Eli Lilly and Company (SEC filing) · 2026-04-30 (retrieved 2026-10-10)
- [4]
As of August 2026, Lilly said three additional phase 3 retatrutide obesity trials were positive, that the data package was complete for obesity, obstructive sleep apnea and knee osteoarthritis pain, and that it plans to submit a Biologics License Application to the FDA in the first quarter of 2027. confirmedas of 2026-08-05
- Eli Lilly and Company Form 8-K exhibit 99.1, second-quarter 2026 results · Eli Lilly and Company (SEC filing) · 2026-08-05 (retrieved 2026-10-10)
- Eli Lilly and Company Form 8-K exhibit 99.1, second-quarter 2026 results · Eli Lilly and Company (SEC filing) · 2026-08-05 (retrieved 2026-10-10)
- [5]
Lilly's first-quarter 2026 revenue rose 56% to $19.8 billion, primarily on volume growth. confirmedas of 2026-04-30
- Eli Lilly and Company Form 8-K exhibit 99.1, first-quarter 2026 results · Eli Lilly and Company (SEC filing) · 2026-04-30 (retrieved 2026-10-10)
- [6]
Tirzepatide is a single molecule that activates both the GIP and GLP-1 receptors. confirmedas of 2026-10-10
- Tirzepatide Once Weekly for the Treatment of Obesity (SURMOUNT-1) · The New England Journal of Medicine · 2022-06-04 · Abstract (retrieved 2026-10-10)
- FDA Approves New Medication for Chronic Weight Management · U.S. Food and Drug Administration · 2023-11-08 (retrieved 2026-10-10)
- [7]
On 8 November 2023 the FDA approved Zepbound (tirzepatide) for chronic weight management in adults with obesity, or overweight with at least one weight-related condition. confirmedas of 2023-11-08
- FDA Approves New Medication for Chronic Weight Management · U.S. Food and Drug Administration · 2023-11-08 (retrieved 2026-10-10)
- FDA Approves New Medication for Chronic Weight Management · U.S. Food and Drug Administration · 2023-11-08 (retrieved 2026-10-10)
- [8]
In the open-label SURMOUNT-5 trial, people with obesity but without diabetes lost a mean 20.2% of body weight on tirzepatide versus 13.7% on semaglutide at 72 weeks. confirmedas of 2025-05-11
- Tirzepatide as Compared with Semaglutide for the Treatment of Obesity (SURMOUNT-5) · The New England Journal of Medicine · 2025-05-11 · Abstract (retrieved 2026-10-10)
- [9]
In the second quarter of 2026 Lilly submitted orforglipron to the FDA for type 2 diabetes. confirmedas of 2026-08-05
- Eli Lilly and Company Form 8-K exhibit 99.1, second-quarter 2026 results · Eli Lilly and Company (SEC filing) · 2026-08-05 (retrieved 2026-10-10)
- [10]
In the open-label ACHIEVE-4 trial of 2,749 adults with type 2 diabetes at increased cardiovascular risk (The Lancet, 30 September 2026), oral orforglipron was non-inferior to insulin glargine for major adverse cardiovascular events (4.2% vs 5.0%; hazard ratio 0.84, 95% CI 0.59 to 1.20) over a median 2 years. confirmedas of 2026-09-30
- Cardiovascular safety of orforglipron versus insulin glargine in adults with type 2 diabetes at increased cardiovascular risk (ACHIEVE-4) · The Lancet · 2026-09-30 · Abstract, findings (retrieved 2026-10-10)
- Cardiovascular safety of orforglipron versus insulin glargine in adults with type 2 diabetes at increased cardiovascular risk (ACHIEVE-4) · The Lancet · 2026-09-30 · Abstract, findings (retrieved 2026-10-10)
- [11]
Lilly announced on 28 August 2026 that the FDA approved Mounjaro (tirzepatide) to lower the risk of major adverse cardiovascular events in adults with type 2 diabetes at high risk of them, based on SURPASS-CVOT. confirmedas of 2026-08-28
- FDA approves Lilly's Mounjaro (tirzepatide) to reduce cardiovascular risk in adults with type 2 diabetes · Eli Lilly and Company (press release via PR Newswire) · 2026-08-28 (retrieved 2026-10-10)
- FDA approves Lilly's Mounjaro (tirzepatide) to reduce cardiovascular risk in adults with type 2 diabetes · Eli Lilly and Company (press release via PR Newswire) · 2026-08-28 (retrieved 2026-10-10)
- [12]
Lilly announced on 24 September 2026 FDA approval of Onswik (insulin efsitora alfa), a once-weekly basal insulin for adults with type 2 diabetes, following approvals in the EU, Mexico and Japan. confirmedas of 2026-09-24
- FDA approves Lilly's Onswik (insulin efsitora alfa-gobe), a once-weekly basal insulin for adults with type 2 diabetes · Eli Lilly and Company (press release via PR Newswire) · 2026-09-24 (retrieved 2026-10-10)
- FDA approves Lilly's Onswik (insulin efsitora alfa-gobe), a once-weekly basal insulin for adults with type 2 diabetes · Eli Lilly and Company (press release via PR Newswire) · 2026-09-24 (retrieved 2026-10-10)
- [13]
Lilly reported on 21 May 2026 that in the phase 3 TRIUMPH-1 trial of 2,339 adults with obesity or overweight without diabetes, retatrutide 12 mg produced an average 28.3% weight loss at 80 weeks. confirmedas of 2026-05-21
- Lilly's triple agonist, retatrutide, delivered powerful weight loss in pivotal Phase 3 obesity trial · Eli Lilly and Company (press release via PR Newswire) · 2026-05-21 (retrieved 2026-10-10)
- Lilly's triple agonist, retatrutide, delivered powerful weight loss in pivotal Phase 3 obesity trial · Eli Lilly and Company (press release via PR Newswire) · 2026-05-21 · Release summary (efficacy estimand) (retrieved 2026-10-10)
- Lilly's triple agonist, retatrutide, delivered powerful weight loss in pivotal Phase 3 obesity trial · Eli Lilly and Company (press release via PR Newswire) · 2026-05-21 · Efficacy estimand, primary endpoint (retrieved 2026-10-10)
- [14]
The peer-reviewed TRIUMPH-1 report (NEJM, 29 September 2026) gave mean weight changes at 80 weeks of -17.6%, -23.7% and -25.0% with retatrutide 4, 9 and 12 mg versus -3.9% with placebo under the treatment-regimen (intention-to-treat) estimand; Lilly's May topline figures of 19.0%, 25.9% and 28.3% used the efficacy estimand. confirmedas of 2026-09-29
- Retatrutide, a Triple Hormone Receptor Agonist, for Treatment of Obesity (TRIUMPH-1) · The New England Journal of Medicine · 2026-09-29 · Abstract (PubMed 42814954) (retrieved 2026-10-10)
- Retatrutide, a Triple Hormone Receptor Agonist, for Treatment of Obesity (TRIUMPH-1) · The New England Journal of Medicine · 2026-09-29 · Abstract, methods (retrieved 2026-10-10)
- Lilly's triple agonist, retatrutide, delivered powerful weight loss in pivotal Phase 3 obesity trial · Eli Lilly and Company (press release via PR Newswire) · 2026-05-21 · Results table (retrieved 2026-10-10)
- [15]
In the phase 3 TRIUMPH-2 trial of 1,152 adults with obesity and type 2 diabetes (The Lancet, September 2026), mean weight change at 80 weeks was -11.9%, -16.8% and -18.8% with retatrutide 4, 9 and 12 mg versus -5.1% with placebo; gastrointestinal events were the most common adverse events. confirmedas of 2026-09-29
- Retatrutide in adults with obesity and type 2 diabetes (TRIUMPH-2): a double-blind, parallel-group, randomised, placebo-controlled, phase 3 trial · The Lancet · 2026-09-29 · Abstract, findings (retrieved 2026-10-10)
- Retatrutide in adults with obesity and type 2 diabetes (TRIUMPH-2): a double-blind, parallel-group, randomised, placebo-controlled, phase 3 trial · The Lancet · 2026-09-29 · Abstract, findings (retrieved 2026-10-10)
- [16]
In August 2026 Lilly said no retatrutide medicine had been approved anywhere, filed six lawsuits against US sellers of black-market retatrutide and said it had reported more than 14,000 websites, ads and listings marketing it illegally. confirmedas of 2026-08-12
- Lilly calls on online platforms, payment companies and regulators to shut down the illegal retatrutide black market · Eli Lilly and Company (press release via PR Newswire) · 2026-08-12 (retrieved 2026-10-10)
- Lilly calls on online platforms, payment companies and regulators to shut down the illegal retatrutide black market · Eli Lilly and Company (press release via PR Newswire) · 2026-08-12 (retrieved 2026-10-10)
- Lilly calls on online platforms, payment companies and regulators to shut down the illegal retatrutide black market · Eli Lilly and Company (press release via PR Newswire) · 2026-08-12 (retrieved 2026-10-10)
- [17]
Lilly reported on 30 September 2026 that in a 48-week phase 2b trial in 367 adults with obesity and type 2 diabetes, its eloralintide (amylin agonist) plus tirzepatide combination produced up to 23.3% weight loss versus 14.8% with tirzepatide 15 mg alone, and that phase 3 trials would start in Q4 2026. reportedas of 2026-09-30
- Lilly's EloraTZP combination of eloralintide and tirzepatide delivered greater weight loss and A1C reduction vs tirzepatide 15 mg · Eli Lilly and Company (press release via PR Newswire) · 2026-09-30 (retrieved 2026-10-10)
- Lilly's EloraTZP combination of eloralintide and tirzepatide delivered greater weight loss and A1C reduction vs tirzepatide 15 mg · Eli Lilly and Company (press release via PR Newswire) · 2026-09-30 (retrieved 2026-10-10)
- [18]
Under a 6 November 2025 agreement announced by the White House with Eli Lilly and Novo Nordisk, Medicare prices for Ozempic, Wegovy, Mounjaro and Zepbound were set at $245 a month with a $50 monthly copay for beneficiaries, and Ozempic and Wegovy at $350 through the TrumpRx website. confirmedas of 2025-11-06
- Fact Sheet: President Donald J. Trump Announces Major Developments in Bringing Most-Favored-Nation Pricing to American Patients · The White House · 2025-11-06 (retrieved 2026-10-10)
- Novo, Lilly cut deal with Trump to lower prices of obesity drugs · Healthcare Dive · 2025-11-06 (retrieved 2026-10-10)
- [19]
Novo Nordisk reported that the Bridge programme began on 1 July 2026 and covers a majority of Medicare beneficiaries, and Lilly reported Foundayo and Zepbound coverage under it. confirmedas of 2026-08-05
- Novo Nordisk Form 6-K, financial report for the period 1 January 2026 to 30 June 2026 · Novo Nordisk (SEC filing) · 2026-08-04 (retrieved 2026-10-10)
- Eli Lilly and Company Form 8-K exhibit 99.1, second-quarter 2026 results · Eli Lilly and Company (SEC filing) · 2026-08-05 (retrieved 2026-10-10)
- [20]
Lilly reported that in the second quarter of 2026 its worldwide revenue rose on a 60% volume increase partly offset by a 13% decrease in realised prices, with US price declines driven mainly by Zepbound and Mounjaro. confirmedas of 2026-08-05
- Eli Lilly and Company Form 8-K exhibit 99.1, second-quarter 2026 results · Eli Lilly and Company (SEC filing) · 2026-08-05 (retrieved 2026-10-10)
- [21]
In August 2026 Lilly raised its full-year 2026 revenue guidance to $85.0 billion to $87.0 billion. confirmedas of 2026-08-05
- Eli Lilly and Company Form 8-K exhibit 99.1, second-quarter 2026 results · Eli Lilly and Company (SEC filing) · 2026-08-05 (retrieved 2026-10-10)
- [22]
In the second quarter of 2026 Lilly committed an additional $4.5 billion to expand its Indiana manufacturing sites. confirmedas of 2026-08-05
- Eli Lilly and Company Form 8-K exhibit 99.1, second-quarter 2026 results · Eli Lilly and Company (SEC filing) · 2026-08-05 (retrieved 2026-10-10)
- [23]
On 28 September 2026 Lilly launched a commitment aiming to treat as many people with its diabetes and obesity medicines in resource-limited settings, including low- and middle-income countries, as in high-income countries before 2040. confirmedas of 2026-09-28
- Lilly launches the Lilly Change the Course Commitment for diabetes and obesity treatment in LMICs · Eli Lilly and Company (press release via PR Newswire) · 2026-09-28 (retrieved 2026-10-10)
- [24]
On 23 February 2026 Novo Nordisk reported that CagriSema failed to show non-inferiority to tirzepatide 15 mg in the open-label REDEFINE 4 trial, with weight loss of 20.2% versus 23.6% at 84 weeks under the treatment-regimen estimand. confirmedas of 2026-02-23
- Novo Nordisk A/S: CagriSema demonstrated 23% weight loss in an open-label head-to-head REDEFINE 4 trial in people with obesity, the primary endpoint was not achieved · Novo Nordisk (company announcement via BioSpace) · 2026-02-23 (retrieved 2026-10-10)
- [25]
Novo Nordisk reported topline results on 21 September 2026 in which CagriSema 1.0 mg/1.0 mg produced 12.4% weight loss versus 9.1% with tirzepatide 5 mg in type 2 diabetes (REIMAGINE 5), and 21.0% versus 2.0% with placebo in obesity (REDEFINE 9). reportedas of 2026-09-21
- Novo's CagriSema delivers superior weight loss versus tirzepatide in REIMAGINE 5 trial · Novo Nordisk (press release via Nasdaq) · 2026-09-21 (retrieved 2026-10-10)
- Novo's CagriSema delivers superior weight loss versus tirzepatide in REIMAGINE 5 trial · Novo Nordisk (press release via Nasdaq) · 2026-09-21 (retrieved 2026-10-10)
- CagriSema Tops Tirzepatide 5 mg for Weight Loss in REIMAGINE 5 · Pharmacy Times · 2026-09-28 (retrieved 2026-10-10)
- Novo Nordisk's CagriSema Beats Tirzepatide for Weight Loss in Phase 3 Trial · BioPharm International · 2026-09-22 (retrieved 2026-10-10)
- Novo Nordisk's CagriSema Beats Tirzepatide for Weight Loss in Phase 3 Trial · BioPharm International · 2026-09-22 (retrieved 2026-10-10)
- [26]
A 2026 indirect (not head-to-head) comparison using OASIS 4 and ATTAIN-1 data estimated about 3 percentage points more weight loss and fewer adverse-event discontinuations with oral semaglutide 25 mg than with orforglipron 36 mg. confirmedas of 2026-06-01
- Oral Semaglutide 25 mg Versus Orforglipron 36 mg in Obesity: A Population-Adjusted Indirect Treatment Comparison · Diabetes, Obesity and Metabolism (Wiley) · 2026-06-01 · Abstract, conclusions (retrieved 2026-10-10)
- [27]
Retatrutide is an investigational agonist of three receptors, GIP, GLP-1 and glucagon. confirmedas of 2026-10-10
- Triple-Hormone-Receptor Agonist Retatrutide for Obesity - A Phase 2 Trial · The New England Journal of Medicine · 2023-06-26 · Abstract (retrieved 2026-10-10)
- Lilly's triple agonist, retatrutide, delivered powerful weight loss in pivotal Phase 3 obesity trial · Eli Lilly and Company (press release via PR Newswire) · 2026-05-21 (retrieved 2026-10-10)
Revision history (2)
Created Oct 10, 2026. Last reviewed by an editor on Oct 10, 2026. Next scheduled review: Jan 10, 2027.
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