Lilly rides Mounjaro, Zepbound to better
Release time：2024-05-22 00:37:49 Source：International Impression news portal
Rapidly climbing sales of the new obesity drug Zepbound and its counterpart for diabetes, Mounjaro, pushed Eli Lilly to a better-than-expected first-quarter profit.
The drugmaker also hiked its sales and earnings forecast for 2024 beyond Wall Street’s expectations even as it hustles to boost manufacturing and catch up to surging demand for the drugs.
Lilly said it was still dealing with supply issues that also hampered the company in the fourth quarter. Company officials expect that to persist through this year, but they emphasized Tuesday that help was on the way.
They expect significant manufacturing increases to occur, starting in the back half of the year.
CEO David Ricks told analysts Tuesday that Lilly was undergoing “the most ambitious expansion plan in our company’s history.”
Indianapolis-based Eli Lilly and Co. recorded $517 million in sales from Zepbound, which received approval from U.S. regulators last November. Total Mounjaro sales more than tripled to $1.81 billion from $568 million in last year’s quarter.
- Previous：Amal Clooney played key role in ICC bid to request arrest warrants for Israeli PM and Hamas leader
- Next：Amir Khan's £11.5m luxury wedding venue finally hosts its first marriage: Bride arrives on horse
Related articles
- Kylie Jenner displays her VERY edgy fashion sense in cleavage
- Biden administration issues new rules on airline fees and refunds
- Celtics' Porzingis leaves playoff game in Miami with right calf tightness
- Martin Freeman breaks his silence on the fierce backlash surrounding THAT X
- Minnesota Equal Rights Amendment fails in acrimonious end to legislative session
- Mets ace Kodai Senga faces hitters for the first time since his shoulder injury
- Martin Freeman breaks his silence on the fierce backlash surrounding THAT X
- Jofra Archer picked by England for T20 World Cup after cruel run of injuries
- Analysis: Larson enters conversation with Verstappen as best drivers in the world
- Made In Chelsea star Victoria Baker
- Judge orders man accused of opening fire outside Wrigley Field held without bail
- Serbia's new government to include US
- Florida Democrats hope abortion, marijuana questions will draw young voters despite low enthusiasm
- Mexico proudly controls its energy but could find it hard to reach its climate goals
- Kid Rock 'uses N
- Rays reliever Chris Devenski goes on the injured list with knee tendinitis
- US to require automatic emergency braking on new vehicles
- New York special election will fill vacancy in Congress created by resignation of Democrat Higgins
- It's no wonder parents are taking their children on holiday during term time! Sky
- Dodgers play an entire game without striking out once for the first time since 2006
Random recommendation
- Copyright © 2024 Powered by Lilly rides Mounjaro, Zepbound to better ,International Impression news portal sitemap