What's Going On With Eli Lilly Stock On Tuesday?

Benzinga
2025.07.29 17:03
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Eli Lilly and Co. (LLY) stock fell 4.93% to $768.27 on Tuesday, influenced by Novo Nordisk's reduced 2025 financial outlook for its weight loss drugs. Novo Nordisk lowered its sales growth forecast to 8-14% from 13-21%, citing slower market penetration. Additionally, over 80 bipartisan members urged the FDA to combat counterfeit GLP-1 drugs. Eli Lilly also announced positive topline results from its Phase 3 BRUIN CLL-314 trial for Jaypirca (pirtobrutinib) against Imbruvica (ibrutinib) in chronic lymphocytic leukemia, meeting its primary endpoint.