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RE: LeoThread 2024-09-09 15:53

in LeoFinance • 2 months ago

🧵 1. U.S. drugmaker Eli Lilly appoints insider Lucas Montarce as new CFO amid soaring demand for diabetes and weight loss drugs. Former CFO joined Google. #business

2 months ago in LeoFinance by
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     2 months ago  

    🧵 2. Eli Lilly and Novo Nordisk lead the growing weight loss drug market. Lilly raised its annual forecast by $3 billion as it expands manufacturing capacity.

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       2 months ago  

      🧵 3. Shares of Eli Lilly rose 1% in premarket trading following the executive change. The company remains on the FDA's drug shortage list.

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         2 months ago  

        🧵 4. Montarce, who joined Lilly in 2001, will serve as CFO and executive VP. His base salary is $1 million, with eligibility for a $1 million bonus.

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           2 months ago  

          🧵 5. Lilly's weight-loss treatments continue to face overwhelming demand. Novo Nordisk missed expectations in the latest quarter in this competitive market.

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