by: Wes Mills. Inside INdiana Business
Posted:
May 4, 2021 / 06:49 PM EST
INDIANAPOLIS (Inside INdiana Business) Indianapolis-based Eli Lilly and Co. (NYSE: LLY) says it will donate an unspecified amount of its COVID-19 therapies to low and lower-middle-income countries most heavily affected by the pandemic. The company says it will donate both baricitinib as well as its cocktail prescription of bamlanivimab and etesevimab, which provides options to treat COVID-19 patients at different stages of the disease.
The announcement comes as the company also says it will provide 400,000 doses of baricitinib to the Indian government for COVID-19 patients who are hospitalized.
The World Health Organization reported Tuesday that India recorded nearly 360,000 new cases of the disease over the past 24 hours
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Lilly gains after antibody sales boost fourth-quarter earnings
Emma Court, Bloomberg News An Eli Lilly & Co. logo is seen on a box of Humulin brand insulin medication in this arranged photograph at a pharmacy in Princeton, Illinois, U.S., on Monday, Oct. 23, 2017. Eli Lilly is scheduled to release earnings figures on October 24. Photographer: Daniel Acker/Bloomberg , Photographer: Daniel Acker/Bloomberg
âEli Lilly & Co. rose Friday as sales of its COVID antibody treatment helped fourth-quarter profit and revenue beat analystsâ estimates.
Adjusted earnings for the quarter were US$2.75 a share, Lilly said Friday, while analysts had expected US$2.38 a share. Revenue was US$7.44 billion, compared with the average projection of US$7.3 billion. The shares gained as much as 3.8 per cent as of 9:40 a.m. in New York.