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  4. Mounjaro
Mounjaro logo
Healthcare & Pharmaceuticals

Who Owns Mounjaro?

Mounjaro is owned by Eli Lilly and Company (NYSE: LLY), a publicly traded American pharmaceutical corporation headquartered in Indianapolis, Indiana. Mounjaro (tirzepatide) is an injectable medication for type 2 diabetes, approved by the FDA in May 2022. Eli Lilly reported $65.2 billion in total revenue for 2025, with Mounjaro generating $23.0 billion in sales. The same active ingredient is marketed for obesity under the brand name Zepbound, which generated $13.5 billion in 2025.

Parent Company

Eli Lilly and Company

Founded

2022

Status

Publicly Traded

Headquarters

Indianapolis, Indiana, USA

Mounjaro Timeline

1876
Eli Lilly and Company

Parent company established in Indianapolis, Indiana, USA

Company Founded
2022

Mounjaro

Founded by Eli Lilly and Company

Founded
premiumpremiumGlobalOfficial Website

Who Owns Mounjaro?

  • Parent Company: Eli Lilly and Company
  • Ownership Type: Wholly owned
  • Company Type: Publicly Traded
  • Stock Ticker: NYSE: LLY
BrandParent CompanyOwnership Type
MounjaroEli Lilly and CompanyWholly owned

Where to Buy

Disclosure: We may earn commission from purchases
AmazonMounjaro on Amazon

History of Mounjaro

  • Founded: 2022
  • Founders: Eli Lilly and Company

Eli Lilly developed tirzepatide through years of research into dual receptor agonism. Unlike earlier GLP-1 receptor agonists such as semaglutide (Ozempic and Wegovy), tirzepatide activates both the GLP-1 receptor and the GIP (glucose-dependent insulinotropic polypeptide) receptor. This dual mechanism was hypothesized to provide superior glycemic control and weight loss compared to single GLP-1 receptor agonists.

The SURPASS clinical trial program enrolled over 40,000 patients across multiple studies. SURPASS-2 directly compared tirzepatide to semaglutide 1 mg and showed tirzepatide's superiority in both glycemic control and weight loss. The weight loss observed in clinical trials was significant, with patients losing an average of 15 to 22% of their body weight depending on the dose.

The FDA approved Mounjaro in May 2022 for the treatment of type 2 diabetes in adults as an adjunct to diet and exercise. The approval was based on the SURPASS program results. Eli Lilly launched Mounjaro in the United States shortly after approval.

The weight loss data from Mounjaro's trials generated enormous interest in tirzepatide as an obesity treatment. Eli Lilly pursued a separate FDA approval for obesity under the brand name Zepbound. The FDA approved Zepbound in November 2023. This created a dual-brand strategy where the same active ingredient is marketed as Mounjaro for diabetes and Zepbound for obesity, mirroring Novo Nordisk's approach with semaglutide (Ozempic for diabetes, Wegovy for obesity).

Mounjaro's commercial growth has been rapid. In 2023, its first full year on the market, Mounjaro generated $5.2 billion in revenue. In 2024, revenue more than doubled to $11.5 billion. In 2025, revenue reached $23.0 billion. The combined tirzepatide franchise (Mounjaro plus Zepbound) generated $36.5 billion in 2025, making it one of the highest-grossing pharmaceutical franchises in history.

Eli Lilly has invested billions in manufacturing capacity expansion to meet demand. The company has announced new manufacturing facilities in Indiana, North Carolina, and internationally. In 2025, Eli Lilly also received FDA approval for a Kwikpen formulation of tirzepatide and submitted orforglipron, an oral GLP-1 candidate, for regulatory approval in the U.S., Japan, and EU.

About Eli Lilly and Company

What does Eli Lilly make?

Eli Lilly makes prescription pharmaceuticals across four therapeutic areas. Its most important products are Mounjaro (tirzepatide for type 2 diabetes, $23.0 billion FY2025 revenue) and Zepbound (tirzepatide for obesity, $13.5 billion FY2025 revenue). The company also makes Foundayo (orforglipron, the first oral GLP-1 pill for weight loss, approved 2026), Verzenio (breast cancer), Taltz (psoriasis), Ebglyss (atopic dermatitis), Jaypirca (CLL/SLL), Kisunla (Alzheimer's), Emgality (migraine), Trulicity (diabetes), and insulin products including Humalog and Basaglar.

Is Eli Lilly publicly traded?

Yes. Eli Lilly and Company is listed on the New York Stock Exchange under ticker LLY. The company is the largest pharmaceutical company in the world by market capitalisation, with a market value of approximately $800 billion as of mid-2026. Major institutional shareholders include Vanguard Group, BlackRock, and State Street Corporation. No single shareholder holds a controlling stake.

Who founded Eli Lilly?

Eli Lilly was founded in 1876 in Indianapolis, Indiana by Colonel Eli Lilly, a Civil War veteran and pharmacist. He was dissatisfied with the poor quality of medicines available at the time and established his company to produce pharmaceutical products of consistent quality and purity. The company made its first major breakthrough in 1923 when it produced commercial quantities of insulin, saving countless lives and establishing Eli Lilly as a leader in diabetes care.

Where is Eli Lilly headquartered?

Eli Lilly is headquartered in Indianapolis, Indiana, USA, where the company was founded in 1876. The company operates research and development centres, manufacturing facilities, and commercial operations in more than 120 countries. Its Lebanon, Indiana campus is the cornerstone of its domestic manufacturing buildout, with $21 billion in capital expansion commitments since 2020. The Lebanon API site, opening in 2027, will be the largest API production site in US history.

What is Mounjaro and Zepbound?

Mounjaro and Zepbound both contain tirzepatide, a dual GIP/GLP-1 receptor agonist developed by Eli Lilly. Mounjaro is approved for type 2 diabetes and is the most prescribed injectable medication for that condition, generating $23.0 billion in FY2025 revenue. Zepbound is approved for obesity and obstructive sleep apnea and is the most prescribed injectable medication for weight management, generating $13.5 billion in FY2025 revenue. In clinical trials, tirzepatide demonstrated superior efficacy to competing GLP-1 drugs, with patients losing approximately 20% of their body weight in obesity trials.

What is Foundayo (orforglipron)?

Foundayo (orforglipron) is the first FDA-approved oral GLP-1 pill for weight loss, approved by the FDA in Q1 2026. It is a once-daily oral non-peptide GLP-1 agonist that can be taken any time of day without food or water restrictions, differentiating it from other GLP-1 medications. In late-stage trials, orforglipron helped overweight adults without diabetes lose 12.4% of their body weight over 72 weeks at the highest dose. Lilly submitted orforglipron for type 2 diabetes approval in the US in Q2 2026 and has submitted applications in China and Japan.

What is the 340B lawsuit about?

Tampa General Hospital sued Eli Lilly in July 2026, alleging the drugmaker unlawfully cut off discounts under the federal 340B drug pricing programme after the hospital refused to provide prescription-level claims data through Lilly's 340B Electronic Submission Platform. Tampa General alleges it now pays 25% to 50% more on average for Lilly medications. About 3,000 hospitals participate in the 340B programme. Lilly says the reporting requirement is necessary to prevent duplicate discounts and programme abuses. The American Hospital Association and American Medical Association have urged federal officials to intervene.

  • Founded: 1876
  • Headquarters: Indianapolis, Indiana, USA
  • Company Type: Publicly Traded
  • Stock: NYSE: LLY
  • Revenue: $65.2 billion (FY2025)
  • Employees: Approximately 50,000

Visit Eli Lilly and Company website

View full company profile for Eli Lilly and Company

Where Is Mounjaro Made / Based?

  • Headquarters: Indianapolis, Indiana, USA
  • Manufacturing / Operations: United States, Europe

Mounjaro Categories & Tags

DiabetesPharmaceuticalInjectionTirzepatideWeight Loss

Mounjaro Sustainability & Ethics

Eli Lilly reports sustainability metrics through its ESG program. The company purchased 58% of its electricity from renewable sources in 2024, doubling its renewable energy purchasing compared to 2023. Eli Lilly's environmental standard establishes requirements for managing environmental and energy-related aspects of operations, including energy efficiency and waste reduction at manufacturing facilities that produce tirzepatide.

Eli Lilly has committed to science-based emissions reduction targets. The company's manufacturing processes for Mounjaro follow Good Manufacturing Practices (GMP) with comprehensive quality control systems. Supply chain partners must comply with Eli Lilly's supplier code of conduct, covering environmental and ethical standards.

Mounjaro does not hold independent sustainability certifications, as these are not standard for pharmaceutical products. The brand is regulated by the FDA and subject to pharmaceutical manufacturing standards. Eli Lilly contributes to community health initiatives and diabetes education programs, though Mounjaro-specific philanthropic activities are not reported separately from corporate-level programs.

Awards & Recognition

Mounjaro's dual GIP/GLP-1 receptor agonist mechanism has been recognized as a breakthrough in diabetes treatment by medical professionals and pharmaceutical industry organizations. The SURPASS-2 head-to-head trial has been cited as exemplary clinical research methodology.

Eli Lilly was named Company of the Year 2025 by Pharmaceutical Executive, with tirzepatide cited as the primary driver of the company's transformation. Mounjaro's clinical trial results have been published in peer-reviewed journals including the New England Journal of Medicine and The Lancet.

The FDA approval of Mounjaro in May 2022, followed by Zepbound's approval in November 2023, expanded treatment options for millions of patients with type 2 diabetes and obesity. The dual-brand strategy has been recognized as effective pharmaceutical commercial strategy.

Mounjaro Recalls & Controversies

The FDA issued a warning letter to Eli Lilly on September 9, 2025, regarding false and misleading claims in promotional materials for Mounjaro and Zepbound. The FDA cited a direct-to-consumer video titled "An Oprah Special: Shame, Blame, and the Weight Loss Revolution" for making unsupported claims. The FDA specifically objected to statements suggesting that serious risks associated with the medications had been "overhyped," which the agency determined minimized known risks. Eli Lilly was required to respond to the warning letter with corrective actions.

Mounjaro carries a boxed warning about the potential risk of thyroid C-cell tumors, based on animal studies showing dose-dependent increases in thyroid C-cell tumors in rats. It is unknown whether Mounjaro causes thyroid C-cell tumors in humans. The warning requires careful patient selection and monitoring.

The FDA removed tirzepatide from its drug shortage list in October 2024, which meant compounded versions would no longer be allowed. This created controversy as patients who had been using compounded versions due to cost or availability concerns had to transition to FDA-approved products. The shortage status was subsequently updated as supply conditions changed.

Mounjaro's list price of approximately $1,000 per month has generated controversy regarding medication affordability. Insurance coverage varies significantly by plan. Eli Lilly has faced criticism for high pricing while offering patient assistance programs to improve access.

Mounjaro is associated with gastrointestinal side effects including nausea, vomiting, diarrhea, and abdominal pain, which can be severe enough to cause treatment discontinuation. The FDA requires labeling that documents these risks.

Brands Owned by Eli Lilly and Company

ZepboundHealthcare Pharmaceuticals

Zepbound

Owned by Eli Lilly and Company

Prescription weight management medication containing tirzepatide. Owned by Eli Lilly and Company (NYSE: LLY). FDA-approved in November 2023.

weight-lossmedicationpharmaceutical
View all brands owned by Eli Lilly and Company

Mounjaro Ownership: Pros & Cons

Advantages

  • +Dual GIP/GLP-1 mechanism provides superior efficacy compared to GLP-1-only agonists in clinical trials
  • +Eli Lilly's manufacturing expansion investments are increasing supply capacity to meet demand
  • +Combined tirzepatide franchise generated $36.5 billion in 2025, providing resources for continued R&D
  • +FDA approval for both diabetes (Mounjaro) and obesity (Zepbound) maximizes market reach
  • +International expansion is accelerating, with non-U.S. revenue reaching $3.3 billion in Q4 2025

Considerations

  • -High list price of approximately $1,000 per month creates access and affordability challenges
  • -FDA warning letter in September 2025 over promotional claims requires corrective action
  • -Boxed warning for thyroid C-cell tumor risk limits patient population
  • -Competition from Novo Nordisk's semaglutide franchise (Ozempic and Wegovy)
  • -Periodic supply constraints and shortage list placements affect patient access
  • -Gastrointestinal side effects cause treatment discontinuation in some patients

Frequently Asked Questions About Mounjaro

Sources & Further Reading

  • Eli Lilly Q4 2025 Financial Results, [
  • Eli Lilly 2025 Annual Report (SEC Form 10-K), [
  • Eli Lilly Investor Relations, [
  • Mounjaro Official Website, [
  • FDA Mounjaro Prescribing Information, [
  • FDA Warning Letter to Eli Lilly (September 9, 2025), MARCS-CMS 716485
  • NYSE: Eli Lilly and Company (LLY), [
  • Zepbound Official Website, [

Competitors to Mounjaro

These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.

BrandParent CompanyCountryFoundedMarket PositionPrimary MarketGender Target
ZepboundZepboundSister Brand
Eli Lilly
USA
2023
PremiumGlobalAll-ages
OzempicOzempic
Novo Nordisk
Denmark
2017
Market leaderGlobalAll-ages
WegovyWegovy
Novo Nordisk
Denmark
2021
PremiumGlobalAll-ages

Learn More About Competitors

ZepboundHealthcare Pharmaceuticals

Zepbound

Owned by Eli Lilly and Company

Prescription weight management medication containing tirzepatide. Owned by Eli Lilly and Company (NYSE: LLY). FDA-approved in November 2023.

weight-lossmedicationpharmaceutical
OzempicHealthcare Pharmaceuticals

Ozempic

Owned by Novo Nordisk

Prescription diabetes medication brand owned by Novo Nordisk, containing semaglutide as the active ingredient.

diabetesmedicationpharmaceutical
WegovyHealthcare Pharmaceuticals

Wegovy

Owned by Novo Nordisk

Prescription weight loss medication brand owned by Novo Nordisk, containing semaglutide as the active ingredient.

weight-lossmedicationpharmaceutical

Competitive Analysis

Market Positioning: Mounjaro competes with 3 brands in the same categories, ranging from mass market to luxury positioning.

Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.

Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.

Independent Alternatives to Mounjaro

Looking for brands with different ownership structures? These similar brands are not owned by Eli Lilly and Company, giving you alternative choices that support different corporate structures.

PfizerHealthcare Pharmaceuticals

Pfizer

Owned by Pfizer Inc.

American multinational pharmaceutical corporation developing and manufacturing medicines, vaccines, and consumer healthcare products, one of the world's largest pharmaceutical companies.

pharmaceuticalvaccinesmedicines
Publicly Traded

Pfizer operates independently without a large parent corporation.

GE HealthCareHealthcare Pharmaceuticals

GE HealthCare

Owned by GE HealthCare Technologies Inc.

Independent publicly traded healthcare technology company spun off from General Electric in January 2023, providing medical imaging, diagnostics, and healthcare IT solutions globally.

healthcare-technologymedical-imagingdiagnostics
Publicly Traded

GE HealthCare operates independently without a large parent corporation.

PhilipsHealthcare Pharmaceuticals

Philips

Owned by Koninklijke Philips N.V.

Health technology brand owned by Koninklijke Philips N.V., a publicly traded Dutch company listed on Euronext Amsterdam (PHIA). Covers medical imaging, patient monitoring, and personal health products.

healthcare-technologyelectronicsmedical-devices
Publicly Traded

Philips operates independently without a large parent corporation.

TirosintHealthcare Pharmaceuticals

Tirosint

Owned by IBSA Institut Biochimique S.A.

IBSA Institut Biochimique SA's branded levothyroxine softgel capsule (Tirosint) and liquid solution (Tirosint-SOL), FDA approved for hypothyroidism, formulated without dyes, gluten, lactose, alcohol, or sugar, providing an excipient-free alternative to conventional levothyroxine tablets for patients with sensitivities or absorption issues.

levothyroxinehypothyroidismthyroid
Privately Owned

Tirosint is privately owned, unlike Mounjaro which is under a publicly traded parent company.

Novo NordiskHealthcare Pharmaceuticals

Novo Nordisk

Owned by Novo Nordisk

Danish pharmaceutical company specializing in diabetes care and obesity treatment. Founded in 1923, headquartered in Bagsvaerd, Denmark. World leader in diabetes care and a leader in obesity treatment with Ozempic, Wegovy, and the investigational CagriSema. CEO Lars Fruergaard Jorgensen departed in March 2025; interim leadership under board chairman Helge Lund until a permanent CEO is appointed.

pharmaceuticalsdiabetesobesity
Publicly Traded

Novo Nordisk operates independently without a large parent corporation.

RetavaseHealthcare Pharmaceuticals

Retavase

Owned by EKR Therapeutics, Inc.

Retavase (reteplase) is a prescription thrombolytic medication indicated for acute ST-elevation myocardial infarction. Administered as two 10-unit intravenous bolus injections 30 minutes apart. Currently marketed by Chiesi USA.

pharmaceuticalthrombolyticreteplase
Privately Owned

Retavase is privately owned, unlike Mounjaro which is under a publicly traded parent company.

Eli Lilly and Company Stock Information

Jobs at Eli Lilly and Company

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Last reviewed: August 1, 2026 · Reviewed by Who Brands Editorial Team