Investment Thesis
Eli Lilly is a global biopharma leader with best-in-class assets in obesity, diabetes, immunology, and neuroscience. Blockbuster incretin therapies Mounjaro and Zepbound drive outsized growth while a deep pipeline supports durable cash flows.
- Incretin Leadership: Tirzepatide and retatrutide offer multi-year runway in obesity and metabolic disease.
- Pipeline Depth: Alzheimer’s candidate donanemab and oncology assets like Jaypirca expand future franchises.
- Manufacturing Scale: Massive capex in U.S. and Europe facilities mitigates supply constraints and defends market share.