Eli Lilly has reported a decline in it third quarter earnings despite a 9% sales increase attributed to its Cymbalta and Alimta medications.
Earnings fell 5%, with net income falling to $1.24bn, as higher administrative expenses and a mandatory pharmaceutical manufacturer fee of $45m related to the US healthcare reforms took their toll.
Go deeper with GlobalData
The strong performance of Cymbalta and Alimta, particularly overseas, boosted Lilly’s performance. Cymbalta reported a 29% increase to $1.07bn, while Alimta grew 12% to approximately $629m.
Lilly’s best-selling drug, however, continues to be the antipsychotic Zyprexa, which reported turnover of $1.19bn representative of a 3% decline.
Zyprexa has recently lost patent exclusivity in Europe, while patent protection has expired in the US. Lilly has admitted that predicting the impact of generic competition on sales of the drug is difficult.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
