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 01:38:42 source:Stellar Spotlight 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
  • Queen Camilla reveals she's seen the first season of Bridgerton
  • New Mexico voters can now sign up to receive absentee ballots permanently
  • Pamela Anderson lands starring role in The Naked Gun reboot alongside Liam Neeson
  • North Carolina sees slight surplus this year, $1B more next year
  • Trump film shocks Cannes as former US President is depicted 'raping' his then
  • Cody Bellinger hits a go
  • Hong Kong arrests 291 for endangering national security in past 4 years — Radio Free Asia
  • Biden touts progress on economy, immigration despite wide disapproval
Recommended content
  • Philippines blames China for loss of giant clams in disputed shoal and urges environmental inquiry
  • Klay Thompson wants do decompress from season before delving into what's next as a free agent
  • Bryce Miller and 3 relievers combine on a 1
  • Blues and Brumbies to meet in a pivotal Super Rugby Pacific showdown; Fijians host the Hurricanes
  • Rays opening
  • Rachel Zegler and Kit Connor are confirmed to make Broadway debuts in Romeo + Juliet