Thursday, July 24, 2014

Eli Lilly not doing well in face of patent expirations

The Wall Street Journal notes in an article Eli Lilly Profit Falls 39% on Patent Expirations

The company said that patent expiration of the two treatments caused a 17% decline in volume during the quarter. Cymbalta sales fell 73% to $401.3 million in the quarter, and Evista sales dropped 61% to $108.3 million. Those declines drove a 30% drop in total U.S. revenue to $2.38 billion, the company said.


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