Lilly gains on Foundayo EU endorsement and Medicare bridge ahead of Oct 29 Q3 results

H5+2 · 1 hour ago
Lilly gains on Foundayo EU endorsement and Medicare bridge ahead of Oct 29 Q3 results
  • European regulators endorsed Foundayo, Lilly's oral weight-loss pill, and LLY stock surged, per H5 coverage.
  • Mounjaro and Zepbound generated nearly two-thirds of Q2 revenue; Foundayo recorded $98 million.
  • Q2 revenue was $22.97 billion, up 47.7% year over year, and Lilly raised full-year guidance.
  • The Medicare GLP-1 Bridge program offers $50/month co-pays for obesity drugs and is a near-term catalyst for prescriptions.
  • LLY trades at about 44 times trailing earnings and 35 times 2026 EPS estimates.
  • Metis TechBio agreed a collaboration with Lilly worth up to $1.1 billion, with an upfront payment in the low double-digit millions of US dollars.
  • Lilly will announce Q3 2026 results on October 29, 2026, with a 10 a.m. Eastern conference call.