Drugmaker might be 1st healthcare company to top $1 trillion valuation

Pharmaceutical company Eli Lilly may become the first healthcare company to hit a market value of $1 trillion, according to a Sept. 5 CNBC report. 

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This growth is fueled by the companies popular weight loss and diabetes drugs, Zepbound and Moinjaro. When discussing its second-quarter results in August, company officials said the two drugs accounted for almost 40% of Eli Lilly’s total sales. Those results caused the company’s stock to rise by 10% on Aug. 8, according to CNBC. 

Eli Lilly’s current market value is close to $900 million, as of this writing.

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