Eli Lilly (LLY) Launches Easy Mounjaro Pen in India Amid Growing Diabetes Market

Eli Lilly and Company (NYSE:LLY) is one of the best stocks to invest in for long-term growth. Eli Lilly and Company (NYSE:LLY) launched the easy-to-use injector pen of its weight-loss and diabetes drug, Mounjaro in India on August 13. The launch comes two months after its rival Novo Nordisk released its weight loss drug Wegovy in the country.

Eli Lilly (LLY) Launches Easy Mounjaro Pen in India Amid Growing Diabetes Market

A technician carefully measuring the quality of a nutritional supplement.

Eli Lilly launched  Mounjaro in India in March, but only available through vials. The easy-to-use injector pen makes the drug much easier to administer.

The most populous country is seeing an increasing number of obesity and type 2 diabetes cases, which has created a huge market for weight-loss and diabetes treatments. The drug company is charging 14,000 Indian rupees ($160.6) for the starting dose of 2.5 mg, according to Reuters.

That said, Eli Lilly does have to compete with not only Wegovy, but also cheaper generic versions of the drugs, which are made in India, making Mounjaro more expensive, relatively speaking, to the generally price-sensitive Indian people.

Wall Street is bullish on the stock with an average “Buy” rating, an average implied upside of 28.17%.

While we acknowledge the risk and potential of LLY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than LLY and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Best High Growth Consumer Stocks to Buy Now and 10 Best Growth Stocks to Buy According to Analysts 

Disclosure: None.