Two of the biggest names in GLP-1 medicine were accused of using their market power to make life harder for compounding pharmacies. In January 2026, Strive Specialties, a compounding pharmacy, filed an antitrust lawsuit against Eli Lilly and Novo Nordisk, alleging that the pharmaceutical companies had engaged in a coordinated effort to restrict competition from compounded GLP-1 medications. The allegations touched everything from telehealth agreements and payment processors to technology platforms and public statements about compounded drugs. But there is an important update that changes the legal status of the entire story. On August 3, 2026, a federal judge in the Western District of Texas dismissed Strive's antitrust claims with prejudice. The court concluded that Strive had failed to plausibly establish the relevant market necessary for its antitrust claims and also found problems with its theory of antitrust injury. That means the allegations should not be presented as proven misconduct. But the case is still worth examining because it highlights one of the most important battles surrounding the GLP-1 market: who gets to compete, at what price, and under what rules? What Strive Alleged Strive's lawsuit argued that Eli Lilly and Novo Nordisk were not simply competing with compounding pharmacies on price, availability, or product offerings. Instead, Strive alleged that the pharmaceutical companies had taken steps to restrict the channels through which compounded GLP-1 products could reach patients. According to the complaint, those allegations included relationships with telehealth providers, restrictions involving payment and technology platforms, and public messaging about compounded medications. Strive argued that these actions collectively limited its ability to compete in the GLP-1 market. The complaint also pointed to statements and communications surrounding compounded GLP-1 products. Strive alleged that Lilly had characterized compounded medications as risky, unproven, fake, or counterfeit and argued that such messaging could discourage physicians and patients from considering compounded alternatives.