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 01:29:49 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
  • Tamara Ecclestone is criticised as her daughter Fifi, 10, heads out wearing heavy make
  • Hamas would lay down weapons after a two
  • Google parent reports another quarter of robust growth, rolls out first
  • Ashley Tisdale confesses 'being sick while pregnant is no fun' after revealing her 3
  • The unstoppable duo of Emma Stone and Yorgos Lanthimos
  • White Sox drop to 3
  • Early voting begins for North Carolina primary runoff races
  • José Ramírez hits grand slam, AL
Recommended content
  • French sports minister calls for sanctions after Monaco player tapes over anti
  • Christy Turlington, 55, showcases her age
  • Google parent reports another quarter of robust growth, rolls out first
  • U.S. labor secretary says UAW win at Tennessee Volkswagen plant shows southern workers back unions
  • Minnesota Uber and Lyft driver pay package beats deadline to win approval in Legislature
  • Lana Del Rey cuts a cheerful figure in tight leggings and black padded coat as she arrives at celeb