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  1. Home
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  3. Healthcare & Pharmaceuticals
  4. Zepbound
Zepbound logo
Healthcare & Pharmaceuticals

Who Owns Zepbound?

Zepbound is owned by Eli Lilly and Company (NYSE: LLY), an American pharmaceutical company headquartered in Indianapolis, Indiana. Zepbound contains tirzepatide, a dual GIP and GLP-1 receptor agonist. The FDA approved Zepbound for chronic weight management in November 2023. Eli Lilly reported revenue of $45.0 billion in 2024, with tirzepatide products (Zepbound and Mounjaro) generating $16.4 billion combined.

Parent Company

Eli Lilly and Company

Founded

2023

Status

Publicly Traded

Headquarters

Indianapolis, Indiana, USA

Zepbound Timeline

1876
Eli Lilly and Company

Parent company established in Indianapolis, Indiana, USA

Company Founded
2023

Zepbound

Founded by Eli Lilly and Company

Founded
premiumpremiumGlobalall-agesOfficial Website

Who Owns Zepbound?

  • Parent Company: Eli Lilly and Company
  • Ownership Type: Subsidiary
  • Company Type: Publicly Traded
  • Stock Ticker: NYSE: LLY
BrandParent CompanyOwnership Type
ZepboundEli Lilly and CompanySubsidiary

Where to Buy

Disclosure: We may earn commission from purchases
AmazonZepbound on Amazon

History of Zepbound

  • Founded: 2023
  • Founders: Eli Lilly and Company

Tirzepatide was discovered and developed by Eli Lilly researchers. The compound is a dual receptor agonist that activates both the glucose-dependent insulinotropic polypeptide (GIP) receptor and the glucagon-like peptide-1 (GLP-1) receptor. This dual mechanism distinguishes tirzepatide from semaglutide (Wegovy, Ozempic), which targets only the GLP-1 receptor.

The SURMOUNT clinical trial program tested tirzepatide for obesity. SURMOUNT-1, published in the New England Journal of Medicine in 2022, showed that participants taking the 15 mg dose lost an average of 22.5% of their body weight over 72 weeks, compared to 2.4% for placebo. SURMOUNT-2, published in 2023, showed 15.7% weight loss in participants with type 2 diabetes. SURMOUNT-3 and SURMOUNT-4 provided additional data on intensive lifestyle intervention and long-term weight maintenance.

The FDA approved Zepbound on November 8, 2023, for chronic weight management in adults with obesity (BMI 30 or greater) or overweight (BMI 27 or greater) with at least one weight-related condition such as hypertension, dyslipidemia, type 2 diabetes, or cardiovascular disease. The approval came approximately 18 months after Mounjaro's diabetes approval.

In late 2024, Eli Lilly introduced Zepbound in single-dose vials at a list price of $399 per month for the 2.5 mg dose and $549 per month for higher doses. The vial format was designed to compete with compounded tirzepatide products that had proliferated during shortage periods. The FDA removed tirzepatide from its shortage list in October 2024, which meant compounding pharmacies could no longer legally produce copies.

In December 2024, the FDA approved Zepbound for an additional indication: treatment of obstructive sleep apnea in adults with obesity. This made Zepbound the first prescription medication approved specifically for sleep apnea.

By the end of 2024, Zepbound had generated $4.97 billion in annual revenue, making it one of the fastest-growing pharmaceutical products in history. Combined with Mounjaro's $11.43 billion, tirzepatide products generated $16.4 billion for Eli Lilly in 2024.

In 2025, Eli Lilly continued to expand Zepbound's market. The European Medicines Agency approved Zepbound for weight management in the EU. Eli Lilly also launched an oral GLP-1 candidate, orforglipron, in late-stage clinical trials, which could eliminate the need for injections if approved.

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 Zepbound Made / Based?

  • Headquarters: Indianapolis, Indiana, USA

Zepbound Categories & Tags

Weight LossMedicationPharmaceuticalTirzepatideHealthcare

Zepbound Sustainability & Ethics

Eli Lilly operates under a corporate sustainability framework that includes environmental targets, responsible sourcing, and ethical clinical trial practices. The company has committed to reducing Scope 1 and 2 greenhouse gas emissions by 40% by 2030 and achieving carbon neutrality by 2040.

The manufacturing expansion for tirzepatide products has raised questions about the environmental footprint of pharmaceutical production. Eli Lilly's new facilities incorporate energy-efficient designs and waste reduction systems. The company reports environmental performance data in its annual ESG report.

The more significant ethical questions around Zepbound involve pricing and access. At a list price of approximately $1,059.87 per month, Zepbound is unaffordable for many patients without insurance coverage. U.S. Medicare does not cover obesity medications, and many private insurance plans exclude or restrict coverage. Eli Lilly introduced the $399 vial format in 2024 to address affordability, but the vials are only available for the 2.5 mg and 5 mg doses and require self-administration with a syringe.

The SURMOUNT clinical trials followed standard ethical protocols, including informed consent, institutional review board oversight, and transparent reporting of results. Trial data was published in peer-reviewed journals including the New England Journal of Medicine and JAMA.

Eli Lilly has faced criticism for its marketing practices around Zepbound. The company has been accused of promoting the medication for cosmetic weight loss rather than medical necessity, though Eli Lilly states that its marketing is directed at healthcare providers and focuses on the approved indications.

Awards & Recognition

  • The SURMOUNT-1 trial, published in the New England Journal of Medicine in 2022, demonstrated 22.5% average weight loss, the highest ever achieved in a pharmaceutical obesity trial.
  • Zepbound received FDA approval in November 2023, approximately 18 months after Mounjaro's approval.
  • In December 2024, Zepbound became the first FDA-approved prescription medication for obstructive sleep apnea in adults with obesity.
  • Zepbound generated $4.97 billion in revenue in 2024, its first full year on the market, making it one of the fastest-growing pharmaceutical products in history.
  • Combined tirzepatide revenue (Zepbound and Mounjaro) reached $16.4 billion in 2024, making tirzepatide one of the highest-grossing pharmaceutical franchises ever.

Zepbound Recalls & Controversies

Supply shortages and compounded copies. From late 2023 through October 2024, Zepbound and Mounjaro experienced supply shortages due to demand exceeding manufacturing capacity. The FDA added tirzepatide to its shortage list, which allowed compounding pharmacies to produce copies. When the FDA removed tirzepatide from the shortage list in October 2024, compounding pharmacies were required to stop production. Eli Lilly filed lawsuits against several compounding pharmacies and telehealth companies that continued selling compounded tirzepatide. The company also launched the $399 vial format to provide a legitimate lower-cost alternative.

Pricing and access controversy. Zepbound's list price of approximately $1,059.87 per month has drawn criticism from patient advocacy groups, healthcare policy experts, and politicians. U.S. Medicare does not cover obesity medications under Part D, and many private insurance plans exclude or restrict coverage. Senator Bernie Sanders has publicly criticized Eli Lilly's pricing of Zepbound. Eli Lilly responds that the list price does not reflect the net price after rebates and discounts, and that the $399 vial format improves affordability. The company also offers a savings card for commercially insured patients that reduces out-of-pocket costs to as low as $25 per month.

Side effects and safety monitoring. Zepbound's label includes warnings for gastrointestinal side effects (nausea, vomiting, diarrhea, constipation), pancreatitis, gallbladder disease, and hypoglycemia when used with insulin. The FDA requires post-marketing surveillance for thyroid C-cell tumors based on animal studies, though this risk has not been confirmed in humans. Eli Lilly conducts ongoing safety monitoring through post-marketing studies and adverse event reporting.

Marketing practices. Eli Lilly has faced scrutiny over its marketing of Zepbound, particularly around direct-to-consumer advertising. Critics argue that the marketing promotes the medication for cosmetic weight loss rather than medical necessity. Eli Lilly states that its advertising is regulated by the FDA and focuses on the approved indications. The company has also faced criticism for marketing Zepbound through telehealth platforms that may prescribe the medication with limited patient evaluation.

Compounded tirzepatide safety concerns. During the shortage period, compounded tirzepatide products from compounding pharmacies and telehealth companies proliferated. Some of these products contained salt forms of tirzepatide (e.g., tirzepatide sodium) that have not been evaluated by the FDA for safety or efficacy. Eli Lilly warned that these non-identical copies could pose safety risks. The FDA issued warnings to compounding pharmacies about the use of non-standardized tirzepatide formulations.

Brands Owned by Eli Lilly and Company

MounjaroHealthcare Pharmaceuticals

Mounjaro

Owned by Eli Lilly and Company

Pharmaceutical brand of tirzepatide injection for type 2 diabetes treatment, owned by Eli Lilly and Company.

diabetespharmaceuticalinjection
View all brands owned by Eli Lilly and Company

Zepbound Ownership: Pros & Cons

Advantages

  • +Backed by Eli Lilly's research infrastructure and $45.0 billion in annual revenue
  • +Superior clinical efficacy: 22.5% average weight loss in SURMOUNT-1, the highest in any obesity pharmaceutical trial
  • +FDA-approved for both weight management and obstructive sleep apnea
  • +$399 vial format improves affordability compared to the $1,059.87 auto-injector
  • +Eli Lilly's $20 billion manufacturing investment program is expanding supply capacity

Considerations

  • -List price of approximately $1,059.87 per month is unaffordable for many patients without insurance
  • -U.S. Medicare does not cover obesity medications, limiting access for older adults
  • -Side effects include gastrointestinal symptoms, pancreatitis risk, and gallbladder disease
  • -Requires weekly injections; oral alternatives (orforglipron) are in development but not yet approved
  • -Competition from Novo Nordisk's Wegovy and emerging products from Amgen, Pfizer, and Roche

Frequently Asked Questions About Zepbound

Sources & Further Reading

  • [Zepbound official website](
  • [Eli Lilly official website](
  • [Eli Lilly 2024 Annual Report (SEC filings)](
  • [FDA: Zepbound approval information](
  • [SURMOUNT-1 trial: New England Journal of Medicine](
  • [SURMOUNT-2 trial: JAMA](
  • [Eli Lilly Investor Relations](
  • [NYSE: Eli Lilly (LLY)](
  • [ClinicalTrials.gov: SURMOUNT trials](
  • [Obesity Medicine Association](
  • [Wikidata: Zepbound](

Competitors to Zepbound

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
WegovyWegovy
Novo Nordisk
Denmark
2021
PremiumGlobalAll-ages
OzempicOzempic
Novo Nordisk
Denmark
2017
Market leaderGlobalAll-ages
TylenolTylenol
Kenvue
USA (Kenvue)
1955
Mass marketGlobalAll-ages
MounjaroMounjaroSister Brand
Eli Lilly
USA
2022
PremiumGlobalAll Genders
PaxlovidPaxlovid
Pfizer
USA
2021
Mass marketGlobalAll Genders
PfizerPfizer
Pfizer
USA
1849
PremiumGlobalAll-ages

Learn More About Competitors

WegovyHealthcare Pharmaceuticals

Wegovy

Owned by Novo Nordisk

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

weight-lossmedicationpharmaceutical
OzempicHealthcare Pharmaceuticals

Ozempic

Owned by Novo Nordisk

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

diabetesmedicationpharmaceutical
TylenolHealthcare Pharmaceuticals

Tylenol

Owned by Kenvue

American brand of pain relief medication and analgesic drugs, flagship product of Kenvue Inc., the consumer health company spun off from Johnson and Johnson in 2023. Kimberly-Clark is acquiring Kenvue in a deal expected to close in Q4 2026.

pain-reliefmedicationpharmaceutical
MounjaroHealthcare Pharmaceuticals

Mounjaro

Owned by Eli Lilly and Company

Pharmaceutical brand of tirzepatide injection for type 2 diabetes treatment, owned by Eli Lilly and Company.

diabetespharmaceuticalinjection
PaxlovidHealthcare Pharmaceuticals

Paxlovid

Owned by Pfizer Inc.

Oral antiviral medication for COVID-19 containing nirmatrelvir and ritonavir, developed and marketed by Pfizer Inc. (NYSE: PFE). Received FDA Emergency Use Authorization in December 2021 and full approval in May 2023.

covid-19antiviralmedication
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

Competitive Analysis

Market Positioning: Zepbound competes with 6 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 Zepbound

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 Zepbound which is under a publicly traded parent company.

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 Zepbound which is under a publicly traded parent company.

AlconHealthcare Pharmaceuticals

Alcon

Owned by Alcon Inc.

Independent publicly traded global eye care company headquartered in Geneva, Switzerland, specializing in surgical equipment, contact lenses, and ophthalmic products. Spun off from Novartis in April 2019.

eye-carecontact-lensesophthalmic
Publicly Traded

Alcon operates independently without a large parent corporation.

Eli Lilly and Company Stock Information

Jobs at Eli Lilly and Company

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Last reviewed: August 6, 2026 · Reviewed by Who Brands Editorial Team