Eli Lilly's new FDA-approved weight loss pill comes without food restrictions

The once-daily pill costs $149 a month for cash-paying patients, putting it in direct competition with Novo Nordisk's Wegovy pill

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The U.S. Food and Drug Administration approved Eli Lilly $LLY's new oral weight loss drug Foundayo, the company said Wednesday, making it the market's only GLP-1 pill that can be taken at any time of day without restrictions on food or water.

The drug, generically known as orforglipron, will be sold as a once-daily tablet. Lilly said it will first launch through LillyDirect before rolling out to traditional pharmacies and telehealth platforms in the weeks that........

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