health

Lilly rides Mounjaro, Zepbound to better

Font size+Author:Culture Capsule news portalSource:opinions2024-05-21 21:45:56I want to comment(0)

Rapidly climbing sales of the new obesity drug Zepbound and its counterpart for diabetes, Mounjaro,

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 articles
  • David Ortiz is humbled by being honored in New York again; this time for post

    David Ortiz is humbled by being honored in New York again; this time for post

    2024-05-21 20:27

  • ​Godzilla teams up with Kong for new colossal fight

    ​Godzilla teams up with Kong for new colossal fight

    2024-05-21 20:12

  • Ohio River near Pittsburgh is closed as crews search for missing barge, one of 26 that broke loose

    Ohio River near Pittsburgh is closed as crews search for missing barge, one of 26 that broke loose

    2024-05-21 19:54

  • China launches satellites to monitor atmospheric, space environments

    China launches satellites to monitor atmospheric, space environments

    2024-05-21 19:34

Netizen comments