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Eli Lilly Raises 2021 Guidance, Sets 2022 Outlook

Eli Lilly Raises 2021 Guidance, Sets 2022 Outlook
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News Highlights: Top Company News of the Day

News Highlights: Top Company News of the Day
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LIVE | Covid-19 in SA: Death toll at 87 001 as cases rise by 1 634

LIVE | Covid-19 in SA: Death toll at 87 001 as cases rise by 1 634
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Florida Reports Record Deaths, Judge Bars Mask Ban: Virus Update

Bloomberg News

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Eli Lilly 2Q Sales Grow, With Lift From Covid-19 Antibody Sales

Eli Lilly 2Q Sales Grow, With Lift From Covid-19 Antibody Sales
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US Dept of Justice officials subpoena documents as part of probe into Lilly's New Jersey plant

Eli Lilly and Co received a subpoena late last week from the US Department of Justice (DOJ), requesting certain documents, as part of a probe into its manufacturing site in Branchburg, New Jersey.

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Covid drugs fail to pay off for Eli Lilly

Covid drugs fail to pay off for Eli Lilly
Antibody treatment sales fall amid fears that new variants could prove resistant to it
about 3 hours ago
Sales of Eli Lilly’s antibody treatment sales fall amid fears that new variants could prove resistant to it. Photograph: Simone Baribeau/Bloomberg

Drugmaker Eli Lilly on Tuesday missed analysts’ estimates for first-quarter profit and tightened its forecast for full-year adjusted earnings, partly due to lower demand for its Covid-19 drugs.
The US government stopped the distribution of Lilly’s Covid-19 antibody drug, bamlanivimab, as a standalone treatment last month in response to new variants in the country that could be resistant to it when used alone.

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Vir Biotechnology, GSK Covid-19 antibody shows 'profound efficacy' in Phase 3 study

The positive data for the antibody drug from Vir Biotechnology and GlaxoSmithKline give a clearer picture of how and when these treatments could help. Last week, a different pivotal study testing the same drug in hospitalized patients yielded murkier results.

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Eli Lilly Is Poised for a Pullback Before Renewed Longer-Term Gains

Eli Lilly Is Poised for a Pullback Before Renewed Longer-Term Gains
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Eli Lilly Covid-19 antibody drug approved; expected to handle mutations better

Eli Lilly Covid-19 antibody drug approved; expected to handle mutations better
By Riley Griffin
(Bloomberg) – Eli Lilly & Co.’s combination antibody drug for Covid-19 was cleared for emergency use by US regulators, providing doctors with a treatment option that is expected to be better able to combat new coronavirus mutations.
The Food and Drug Administration authorized the treatment for use in Covid-positive adults and children 12 and older who are at high risk of developing severe forms of the disease or progressing to the hospital, according to a fact sheet posted by the agency.
The combo treatment is the second antibody therapy from the Indianapolis-based drugmaker to gain an emergency authorization from the FDA. In November, the agency cleared Bamlanivimab, one of the two antibodies used in the cocktail, for use in non-hospitalized, high-risk patients with mild-to-moderate symptoms of Covid-19.

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