Zepbound maker Eli Lilly hits $1T market cap — becoming first drug company to reach milestone

Eli Lilly hit $1 trillion in market value on Friday, making it the first drugmaker to enter the exclusive club dominated by tech giants and underscoring its rise as a weight-loss powerhouse.A more than 35% rally in the company’s stock this year has largely been driven by the explosive growth of the weight-loss drug market.Once seen as a niche category, obesity treatments are now one of the most lucrative segments in healthcare, with steadily rising demand. 4 Since the launch of Zepbound in late 2023, Lill ...