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New Diabetes drug a success, says Eli Lilly

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A new drug from Eli Lilly to treat Type-2 Diabetes is one step closer to hitting the market.

The drug maker said the Dulaglutide met its goals in a pair of late-phase studies.

The drug is a once-a-week injection that lowers blood glucose. Right now, some people with Type 2 Diabetes face multiple injections a day.

The new drug has been under development for more than six years.

Lilly expects to submit it to regulatory authorities later this year.