Lilly rides Mounjaro, Zepbound to better
Release time：2024-05-01 08:46:47 Source：Earthly Encounters 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：Jaguars cut WR Zay Jones, clearing a path to potentially sign five
- Next：Malian army says it killed an Islamic State group commander who attacked U.S., Niger forces
Related articles
- Workers' paychecks grew faster in the first quarter, a possible concern for the Fed
- Hong Kong bids farewell to independent bookstore Mount Zero
- Brazil's Central Bank reduces basic interest rate to 10.75% per year
- Shocking video of a Rottweiler mauling 2
- Democrats vow to protect Speaker Mike Johnson from being ousted from office
- Russia, Germany, UK urge restraint as Iranian threat puts Middle East on edge
- China issues punishments over 'ugly' childrens' books
- Fresh water farm plans rollout to be reviewed, work underway may be halted
- Mom shopping in Target stunned by small print on Clorox wipes
- Brazil has over 190 thousand new formal jobs in October
- Coleen Rooney gives a glimpse into her £20million Cheshire mansion as she employs a celebrity
- China news: China to increase nuclear warheads to 1500, Pentagon warns
- Alibaba to invest HK$5 billion in Hong Kong entertainment sector
- Scientists struggle to protect infant corals from hungry fish
- Kenyans in flood
- 7.7 earthquake hits Taiwan, rescues from collapsed buildings underway
- Millions of Chinese tourists are going on holiday again. Many of them are headed for Thailand
- Afrobeats star Davido to sue over Kenyan April Fool’s joke
- Trainer and Brehm can find a few perks amid New Orleans disappointment
- Northland teenager dies in crash while driving to work
Random recommendation
- Copyright © 2024 Powered by Lilly rides Mounjaro, Zepbound to better ,Earthly Encounters news portal sitemap