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Home Industry News Consumer Lilly and Novo Lead Obesity Market with Billions in New Investments
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Lilly and Novo Lead Obesity Market with Billions in New Investments

25th September 2024

Novo Nordisk and Eli Lilly are cementing their dominance in the obesity market by investing billions in mergers, acquisitions, and licensing deals. These strategic moves aim to counter emerging competition and ensure their continued leadership as the market is expected to reach $200 billion annually by 2031.

The companies have recorded impressive sales figures for their weight-loss drugs, Wegovy and Zepbound. As competitors like Pfizer and Amgen prepare to enter the market around 2026, both companies are proactively diversifying their obesity treatment portfolios.

Novo Nordisk has been the more aggressive of the two, forming 37 partnerships that focus on new mechanisms of action in obesity treatment. Major deals include a $16.5 billion acquisition of Catalent to boost production capabilities and a $532 million licensing deal with Omega Therapeutics for epigenomic controllers targeting obesity.

On the other hand, Lilly has allocated significant resources towards expanding their pipeline, with partnerships and acquisitions. Notable deals include a $1.925 billion buyout of Versanis Bio and a significant $1 billion collaboration with Haya Therapeutics to develop RNA-specific treatments.

Novo Nordisk and Eli Lilly’s substantial investments reflect their unwavering commitment to maintaining a stronghold in the lucrative obesity market. By diversifying their portfolios and capitalizing on innovative technologies, both companies are poised to stay ahead of the competition and continue to drive significant growth in the coming years.

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