Obesity shot frenzy makes Eli Lilly world’s most valuable drugmaker

After a strong May, Eli Lilly surpasses Johnson & Johnson on market values, becoming the biggest pharma firm in the world.

Photo: Mike Blake/Reuters/Ritzau Scanpix

By Angel Adegbesan and Robert Langreth, bloomberg

Eli Lilly & Co.’s third straight month of gains has helped it become the largest pharmaceutical company in the world by market value, surpassing Johnson & Johnson.

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