00:00 It's Benzinga and here's what's on the block.
00:02 The FDA approved Eli Lilly's potent obesity drug, Terzepatide, which will be marketed
00:07 under the name ZepBound.
00:09 This approval makes it the second drug in its class approved for obesity treatment after
00:13 Novo Nordisk's Wegovy.
00:16 In trials, ZepBound achieved weight loss of up to 21% at body weight, higher than the
00:20 15% achieved by Wegovy.
00:23 Both targeted the GLP-1 and GIP hormones.
00:26 Lilly expects ZepBound to be available in the US pharmacies after Thanksgiving.
00:30 It will be priced the same as Munjaro at over $1,000 per month, around 20% lower than Wegovy.
00:37 Lilly is doubling its manufacturing capacity to meet demand.
00:40 For all things money, visit Benzinga.com.
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