Can You Invest in Mounjaro in 2026? Details & Alternatives

Is Mounjaro publicly traded?

Mounjaro isn't publicly traded on the stock market, but its parent company, Eli Lilly, is. Eli Lilly went public in 1952 and is now one of the largest companies in the world.

When will Mounjaro IPO?

Since Mounjaro is a single product in Eli Lilly's portfolio, there won't be an initial public offering (IPO) for it. Some companies spin off certain divisions, which is theoretically possible with Mounjaro and similar products. But it's highly unlikely that Eli Lilly would do that, given that Mounjaro was its bestselling product in 2024.

Is Mounjaro profitable?

Eli Lilly is a profitable company, and Mounjaro is its biggest revenue driver. Mounjaro accounted for $11.5 billion of revenue in 2024, about a quarter of Eli Lilly's total revenue of $45 billion. Net income was $10.6 billion, more than doubling year over year.

Alternatives to Mounjaro stock

You can't buy Mounjaro stock directly. But you can make an indirect investment, either by buying shares in the company that makes it or by investing in other pharmaceutical stocks. Here are three options to consider.

Eli Lilly

The closest you can get to investing in Mounjaro is buying Eli Lilly. The pharmaceutical giant started selling Mounjaro, which is the brand name for tirzepatide, in 2022. While Mounjaro is arguably now Eli Lilly's flagship product, it's part of a broad portfolio that also includes type 2 diabetes treatment Trulicity, cancer treatments in Alimta and Cyramza, and Cymbalta, which is used to treat major depressive disorder.

Novo Nordisk

If you'd like to invest in weight loss drugs, Novo Nordisk (NVO -0.56%) is another good option. This Danish company is the manufacturer of Ozempic and Wegovy. It has two business segments: Diabetes and Obesity Care and Rare Disease.

Johnson & Johnson

Johnson & Johnson (JNJ +1.93%) is a fairly safe healthcare company to invest in, and it pays a high dividend. Its two business segments are Innovative Medicine, which manufactures pharmaceutical products, and MedTech, which makes orthopedics, surgical and interventional solutions, and vision care products.

How to buy stocks similar to Mounjaro

Once you've decided which companies you like, here's how to invest in stocks step by step.

1. Open your brokerage app: Log into your brokerage account where you handle your investments.
2. Search for the stock: Enter the ticker or company name into the search bar to bring up the stock's trading page.
3. Decide how many shares to buy: Consider your investment goals and how much of your portfolio you want to allocate to this stock.
4. Select order type: Choose between a market order to buy at the current price or a limit order to specify the maximum price you're willing to pay.
5. Submit your order: Confirm the details and submit your buy order.
6. Review your purchase: Check your portfolio to ensure your order was filled as expected and adjust your investment strategy accordingly.

Should I invest in Mounjaro?

Mounjaro and other weight loss drugs are well worth considering as an investment. Even though you can't invest purely in weight loss medication, you can buy stocks with exposure to that valuable market.

There's certainly a need for this type of treatment. Obesity is a worldwide issue that has become more and more common. Adult obesity has doubled since 1990, and adolescent obesity has quadrupled, according to the World Health Organization (WHO). WHO also reports that 1 in 8 people in the world were living with obesity as of 2022.

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