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0.000335538942649684 0.00124820486665676 0.000577126981357389 -0.00269773309890345 -0.0134014253694284 -0.0122673037432724 -0.0139047337834029 -0.0137168319755191
Stock impact report

How the CFOs of Eli Lilly and Novo Nordisk are coping with ‘unprecedented demand' for weight-loss drugs [Yahoo! Finance]

Eli Lilly and Company (LLY) 
Last eli lilly and company earnings: 4/23 06:25 am Check Earnings Report
US:NYSE Investor Relations: investor.lilly.com
Company Research Source: Yahoo! Finance
Ozempic is seeing stiff competition from Eli Lilly as both pharmaceutical giants grapple with surging demand for weight-loss drugs. Indianapolis-based Eli Lilly ( no. 142 on the Fortune 500) is the maker of Mounjaro, classified as Type 2 diabetes drug but which has led to weight loss among patients, and Zepbound, an obesity medication, approved by the FDA in November. The firm's Q1 revenue growth of 26% was driven by new products, primarily by these medications, CFO Anat Ashkenazi said on Tuesday's earnings call. Mounjaro sales were $1.8 billion globally, and $1.5 billion in the U.S., up from $568 million and $536 million, respectively, a year earlier. Worldwide revenue for Lilly rose 26% to $8.77 billion year over year, and the firm raised its full-year revenue projection by a range of $2 billion to as high as $43.6 billion. “Unprecedented demand” led to wholesale backorders of Mounjaro and Zepbound at the end of the quarter, Ashkenazi said on the call. “Each week, hundreds of Show less Read more
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