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Can Eli Lilly's Oncology Portfolio Drive Growth Beyond GLP-1 Drugs?
Zacks Investment Research·
Eli Lilly's oncology revenues grew 11% to $4.84 billion in H1 2026, with newer drugs like Jaypirca (up 66%) and Inluriyo driving diversification beyond its flagship Verzenio. The company strengthened its blood-cancer pipeline through acquisitions of Ajax Therapeutics and Kelonia. However, Lilly faces intense competition from AstraZeneca, Merck, and Pfizer in the oncology space. The stock trades at a premium valuation (28.03x forward P/E) but holds a Zacks Rank #3 (Hold) rating.
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