I’ve followed NVO for a while looking for an entry point. The CEO of Lilly was just interviewed on CNBC and was excited about a compound that appears to be a direct competitor to Saxenda in the final stage of its phase 3 trial. If the drug LLY’s CEO was talking about is LY3298176, it hasn’t yet started phase-3. (LY3298176 is a dual GIP and GLP-1 agonist.)