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Meanwhile, Eli Lilly and Novo Nordisk, makers of the brand-name drugs, have dropped prices to $500 a month for people paying out of pocket, substantially higher than telehealth outfits that were selling the compounded version for $150 a month, but far less than the $1,300 and up that the brand-name drugs were previously priced

It is now clear that fear was misplaced, CVS is truly a one-off, and with continued strong growth in volumes, we expect LLY to continue recovering from this sell-off."

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Eli Lilly has also slashed the price of its GLP-1 weight loss drug, Zepbound, for self-pay patients.