Eli Lilly & Co. is preparing to introduce its widely sought-after diabetes and weight-loss medication Mounjaro in key markets such as China, India, Brazil, and Mexico this year, CEO Lucas Montarce revealed on Monday."The size is significant. We're talking about 900 million patients that could benefit from...
Eli Lilly & Co. warned Wednesday that escalating US-China trade tensions could significantly affect its operations and could lead to further disruptions in supply chains and manufacturing. This was said in its annual report to the US Securities and Exchange Commission.The pharmaceutical giant, which...
Eli Lilly and Co. reported on Thursday that its revenue for the fourth quarter of 2024 surged 45% year-over-year to $13.5 billion, exceeding expectations. Net income came to $4.4 billion, soaring 101% annually, with earnings per share (EPS) jumping 102% to $4.88. In the full-year 2024, Eli...
Eli Lilly and Company announced on Tuesday that it anticipates its 2025 revenue to be between $58 billion and $61 billion, representing a significant increase from the approximately $45 billion expected for 2024.In an update, the company declared that it projects revenue of about $13.5 billion for...
Eli Lilly and Company is in advanced talks to acquire biotechnology company Scorpion Therapeutics for $2.5 billion, the Financial Times reported on Friday, citing people briefed on the negotiations. According to sources, Eli Lilly would pay Scorpion $1 billion in advance, and in a later phase it would...
Eli Lilly and Company announced on Thursday that it plans to invest $3 billion to expand its manufacturing facility in Kenosha County, Wisconsin.The pharmaceutical company plans to begin the construction on the expansion in 2025 and eventually create 750 new " highly skilled jobs" at the site....
United States President-elect Donald Trump hosted Pfizer CEO Albert Bourla, Eli Lilly CEO David Ricks, and Pharmaceutical Research and Manufacturers of America (PhRMA) CEO Steve Ubl at Mar-a-Lago on Wednesday night, according to Axios on Thursday. The dinner allegedly focused on how the...
Eli Lilly and Company announced on Wednesday that its revenue in the third quarter of fiscal 2024 amounted to $11.4 billion and climbed 20 % year over year, missing estimates. Net income came at $970.3 million, while earnings per share in the reported trimester clocked at $1.07 compared to a...
Eli Lilly and Company announced Wednesday that it will invest $4.5 billion to create Lilly Medicine Foundry, a new advanced manufacturing and drug development facility. According to the release, the new project will allow Lilly to research new ways to produce drugs while increasing the...
Eli Lilly and Company announced in a press release on Monday that it is appointing Lucas Montarce as its new executive vice president and chief financial officer, effective immediately."I am committed to building on our strong financial foundation and helping drive continued success as we...
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