Health · Pharma & Biotech · 4 hrs ago

Surging demand for Lilly drugs pushes shares near record highs

Surging demand for Lilly drugs pushes shares near record highs

Eli Lilly is a drugmaker whose shares are nearing record highs.

Demand for Zepbound and Mounjaro is surging amid a growing appetite for weight-loss drugs.

The two drugs are central to the news about Lilly's rising market value.

Morgan Stanley raised its price target for Eli Lilly as demand climbed.

A higher price target reflects a more positive view of the company's shares.

The surge is pushing Lilly shares near record highs.

No further developments are specified.

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