All eyes have been on Eli Lilly (NYSE: LLY) in recent times as it prepared to increase its earnings potential in the billion-dollar weight-loss treatment market. Lilly already has generated blockbuster revenue from Mounjaro, a diabetes drug doctors have also prescribed for weight loss. And now growth may really take off. The company scored a big win earlier this month when regulators approved the drug Zepbound for weight management.

Lilly's success and further potential in this market have driven the share price and valuation higher, meaning some of the good news may be priced in at today's level. I still think Lilly is a great long-term stock to own, but right now, a couple of other pharma companies represent better buying opportunities. They're trading at bargain prices and also may offer you top rewards over time. So today, you may want to ignore Eli Lilly and instead scoop up these cheap but promising players.

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Source Fool.com