Eli Lilly and Company faced a notable decline in its stock price during premarket trading on October 17, 2025, following unexpected remarks from former President Donald Trump about potential price reductions for weight loss medications. According to the official information, this development has raised concerns within the pharmaceutical industry, particularly among companies involved in GLP-1 drug production.
Eli Lilly Stock Price Decline
The stock price of Eli Lilly dropped to $78.79, reflecting a decrease of 3.128 or 3.82% from its previous close of $81.93. Trump's comments during a Thursday press conference, where he specifically mentioned Ozempic as a weight loss solution and assured that prices would be significantly lower, created ripples across the pharmaceutical sector. This was particularly detrimental to companies like Eli Lilly, which have GLP-1 weight loss drugs such as Mounjaro and Zepbound in their portfolios.
Market Reaction to Political Statements
Despite Dr. Mehmet Oz's clarification that discussions regarding GLP-1 drug pricing have not yet commenced, the uncertainty surrounding potential government intervention in pricing strategies has led to a widespread selloff in the weight loss drug market. As a result, Eli Lilly's stock experienced a further decline of over 5% during the trading day, highlighting the volatility and sensitivity of the pharmaceutical sector to political statements and potential regulatory changes.
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