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Lilly Cuts Forecast After U.S. Covid Drug Order Cancelled


Lilly Cuts Forecast After U.S. Covid Drug Order Cancelled
Apr 28 2021, 5:25 AM
April 27 2021, 9:05 PM
April 28 2021, 5:25 AM
(Bloomberg) Eli Lilly & Co. cut the high end of its 2021 forecast after the U.S. canceled an order for the drugmaker’s solo Covid-19 antibody to focus on its combination treatment.
(Bloomberg) Eli Lilly & Co. cut the high end of its 2021 forecast after the U.S. canceled an order for the drugmaker’s solo Covid-19 antibody to focus on its combination treatment.
Adjusted earnings will top out at $8 a share, Indianapolis-based Lilly said Tuesday in a statement, down from an earlier maximum of $8.40. The company shaved the high end of its 2021 revenue forecast to $27.6 billion from $28 billion. ....

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Lilly Covid Antibody Combo Gets U.S. Emergency Authorization


Lilly Covid Antibody Combo Gets U.S. Emergency Authorization
Bloomberg
2/10/2021
Riley Griffin
© Bloomberg
Eli Lilly & Co. corporate headquarters stand in Indianapolis, Indiana, U.S., on Monday, May 21, 2012.
(Bloomberg) Eli Lilly & Co.’s combination antibody drug for Covid-19 was cleared for emergency use by U.S. 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 Tuesday by the agency. ....

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