Lilly’s New Obesity Pill Off to Slow Start in Race With Novo

Eli Lilly & Co.’s new weight-loss pill Foundayo has gotten off to a sluggish start, according to new prescription data, an early sign of the challenge the drugmaker will have as it tries to catch up with rival Novo Nordisk A/S.

Foundayo generated 3,707 prescriptions in its second week, according to IQVIA data cited by RBC Capital Markets analyst Trung Huynh. For comparison, an oral version of Novo’s Wegovy drew 18,410 prescriptions in its second week of launch.