Member LoginMember Login - User registration - Setup as front page - Add to favorites - Sitemap Lilly rides Mounjaro, Zepbound to better !

Lilly rides Mounjaro, Zepbound to better

Time:2024-05-22 02:31:02 source:International Insight 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.

Related information
  • How Robert F. Kennedy Jr. could make the first debate stage
  • One year on, a low
  • Padres place Musgrove on injured list with elbow inflammation
  • 1 dead in Atlanta area apartment fire that forced residents to jump from balconies
  • California congressman urges closer consultation with tribes on offshore wind
  • $400 million boost in federal funds for security at places of worship
  • Queensland mum stunned by angry neighbour's 'unreasonable' note about crying baby
  • Frank Stella, renowned American artist, dies at 87
Recommended content
  • Joe Rogan's 'brain
  • Cast of the Lord of the Rings pay tribute to late co
  • Emily Blunt reveals kissing some of her Hollywood co
  • Black cab driver who fled a fatal midnight hit
  • 'The Apprentice,' about a young Donald Trump, premieres in Cannes
  • Bruins avoid blowing another 3