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0.00262231213006668 0.00204790090157595 0.0028021278189856 -9.98976049548303E-06 -0.00468519767238575 0.00500487000824154 0.000804175719887179 0.00347144177218353
Stock impact report

Novo warns sales to tumble on tougher competition in US [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
Sales at constant exchange rates will probably fall by 5% to 13%, the Danish drugmaker said in an early release of its outlook. Analysts expected a decline of 1.4%. Full results were scheduled to be published Wednesday. The company's American depositary receipts tumbled about 12% after a trading halt. The Copenhagen-listed shares had risen about 13% so far this year through Tuesday's close. The Danish drugmaker's annual sales last fell in 2017 amid a price war over insulin in the US. Novo is trying to fend off competition on multiple fronts, with rival Eli Lilly & Co.'s shot Zepbound taking leadership in the US market and generic copies of Ozempic likely to emerge in international markets later this year. Analysts had anticipated a conservative forecast and a decline in sales, but the magnitude of the potential drop is larger than had been predicted. Novo said that while the global GLP-1 market is expected to expand this year, with increased patient reach and higher volumes, lo Show less Read more
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