💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Lilly demands doctors stop selling copycat weight-loss drugs

Published 08/14/2024, 11:14 AM
Updated 08/14/2024, 04:48 PM
© Reuters. FILE PHOTO: An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City, U.S., December 11, 2023.  REUTERS/Brendan McDermid/File Photo
LLY
-

By Sriparna Roy and Christy Santhosh

(Reuters) -Eli Lilly has sent cease-and-desist letters to U.S. healthcare providers in recent days to stop the promotion of the compounded versions of its drugs for weight loss and diabetes, as their supply increases, the company said on Wednesday.

The letters were sent to telehealth companies, wellness centers and medical spas selling compounded versions of the drugmaker's popular treatments Zepbound and Mounjaro, a spokesperson told Reuters.

"When FDA-approved medicines are 'commercially available', compounders cannot regularly make 'essentially a copy' of them," the company said in its emailed statement.

Compounded drugs are custom-made medicines that are based on the same ingredients as branded drugs. Because Zepbound and Mounjaro, both known chemically as tirzepatide, were in short supply, they could be legally produced by licensed pharmacies in the U.S.

However, surging demand for Lilly and Danish rival Novo Nordisk (NYSE:NVO)'s weight-loss drugs, which can cost more than $1,000 for a month's supply, has prompted numerous sellers to offer compounded versions at lower prices.

Lilly and Novo have previously sued more than three dozen medical spas, weight-loss clinics, compounding pharmacies and online sellers in total to stop them from selling products claiming to contain the active ingredients in their drugs.

The U.S. Food and Drug Administration has listed all doses of Lilly's drugs as available but has not removed them from the shortage list.

The FDA said in an emailed response that it was currently working to determine if the available supply of tirzepatide, the active ingredient in Mounjaro and Zepbound, would meet its definition of a resolved shortage.

© Reuters. FILE PHOTO: An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City, U.S., December 11, 2023.  REUTERS/Brendan McDermid/File Photo

Last month, the FDA warned patients and doctors about dosing errors associated with compounded versions of Novo Nordisk's weight loss and diabetes drugs.

The health regulator said it had received reports of adverse events, some requiring hospitalization, that may be related to overdoses due to patients incorrectly self-administering the compounded drug and healthcare providers miscalculating doses.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.