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Shares of Eli Lilly (LLY) are jumping after the company posted second quarter earnings results, beating expectations on both the top and bottom lines. The pharmaceutical giant raised its revenue outlook based on surging demand for its weight-loss drugs, Mounjaro and Zepbound. Mizuho healthcare equity strategist Jared Holz joins Catalysts to give insight into Eli Lilly's performance surrounding its GLP-1 class of drugs and how the company may operate moving forward. "It's kind of amazing when you look at the numbers that Eli Lilly has already generating in just the second full quarter of Zepbound being on the market, it's already annualizing basically at $5 billion, and we haven't even scratched the surface with respect to Europe and other geographies out of the US. So as soon as capacity kind of starts rolling here, I think you're going to see a lot of upside to numbers for the next few years," says Holz. In terms of the excitement around this category, Holz comments: "We've seen so many clinical studies not only showing how profound the weight loss is for these drugs, but that they're kind of preventative medicines in some respect with cardiovascular benefits, with stroke benefit, heart failure, kidney failure, all these other medical conditions that the drug is,very active in reducing." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. #youtube #weightloss #news About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance
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