Lilly Sales Swing Back As Pandemic, Loss Of Exclusivity Pressures Recede

Diabetes, Immunology, Oncology Lead 28% Sales Jump

 
• By Alaric DeArment
  
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The drug maker is looking ahead to potentially big approvals of donanemab for Alzheimer’s disease and Mounjaro for obesity by the end of the year.

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Eli Lilly and Company rocketed back to growth in the second quarter of 2023 after multiple quarters in which revenues declined, as the company’s type 2 diabetes, oncology and immunology franchises carried sales back into the black and pressure from loss of exclusivity and COVID-19 lightened. Meanwhile, the drug maker is gearing up for potential approvals and launches of drugs for Alzheimer’s disease and obesity while progressing on the launch of its BTK inhibitor in non-Hodgkin’s lymphoma that won approval earlier this year.

The Indianapolis-based firm announced its second quarter earnings on 8 August, reporting revenues of $8.31bn, up from $6.49bn in the...

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