The Food and Drug Administration said it approved Zepbound injection for chronic weight management in adults with obesity or overweight with at least one weight-related condition, such as high blood pressure, type 2 diabetes or high cholesterol, for use, in addition to a reduced calorie diet and increased physical activity. Tirzepatide, the active ingredient in Zepbound, is already approved under the trade name Mounjaro to be used along with diet and exercise to help improve blood sugar in adults with type 2 diabetes mellitus. The FDA said Zepbound’s effectiveness for chronic weight management in combination with a reduced-calorie diet and increased physical activity was established in two randomized, double-blind, placebo-controlled trials of adults with obesity or overweight with at least one weight-related condition. The FDA granted the approval to Eli Lilly.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on LLY:
- Unusually active option classes on open November 9th
- Lilly Announces Extension of Tender Offer to Acquire POINT Biopharma
- Eli Lilly (NYSE:LLY) Rises as FDA Approves Weight Loss Drug
- Eli Lilly price target raised to $650 from $600 at Truist
- Inspire Medical price target lowered to $250 from $350 at Stifel
