Jim Cramer Says Eli Lilly "May Have the Greatest Drug Franchise of All Time" With GLP-1 and Diabetes Medication

Eli Lilly and Company (NYSE:LLY) is one of the stocks Jim Cramer discussed, along with the need for diversification. Cramer spoke highly of the company’s GLP-1 medication, as he commented:

“I also own Eli Lilly, too, so I can handle that pain. Lilly may have the greatest drug franchise of all time with this GLP-1 weight loss and diabetes medication. Might also be a great treatment for hypertension, even alcoholism.”

Eli Lilly and Company (NYSE:LLY) develops and markets medicines for diabetes, obesity, oncology, immunology, neuroscience, and other chronic conditions. Cramer highlighted the company’s weight loss drugs and its plans during the November 10 episode, as he stated:

“… Eli Lilly, which I think has beaten back Danish Novo Nordisk, maybe even into submission. After all, Lilly’s on the market with a very effective once-a-week shot, but more important, it’s soon going to have a pill version. It could be gigantic. People hate shots. No wonder Lilly’s stock vaulted nearly 5% today, on the verge of becoming… the first non-tech stock to cross into the $1 trillion circle besides Berkshire Hathaway. But I say not so fast. As much as I like Lilly for the Charitable Trust, where it’s a very big position and we’re not a seller, I’m mindful that you can’t take anything for granted in this business… Lilly’s spending a fortune to develop a pill form of the drug that you can take every day like any other medication, and that could be more popular than any shot. You’re much more likely to stick with a pill than an injection. Plus, one of the biggest drawbacks of the current GLP-1s is that they cause you to lose fat and muscle in equal measure. These drugs make you thin, but they make you weaker. However, Lilly’s working on a shot that’s more targeted. It will attack fat to muscle at a 3:1 ratio.”

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Disclosure: None. This article is originally published at Insider Monkey.