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Top 20 global biopharma companies report 2.3 per cent market cap growth in Q2 2023: GlobalData

Express Pharma

Lilly’s strong market capitalisation growth over Q2 was attributed to its diabetes drug Mounjaro, a synthetic peptide that reported $980 million in global sales, according to GlobalData’s Pharmaceutical Intelligence Center Drugs Database. per cent increase in market capitalisation.” billion by 2029, according to GlobalData’s Drugs Database.

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Biopharma sees strong Q2 2023 market cap growth

European Pharmaceutical Review

Its diabetes treatment Mounjaro led this outcome. billion sales globally by 2029, this could offset Keytruda’s decline sales expected after its loss of exclusivity in 2028, GlobalData highlighted. This is mainly due to the reported decline in sales of Humira, a consequence of biosimilar competition. billion in Q2 2023.