Lilly lifted by stronger-than-expected Mounjaro performance
Eli Lilly (NYSE: LLY) has reported strong revenues for the third quarter, with blockbuster diabetes med Mounjaro (tirzepatide) doing much of the heavy lifting.
A stellar $1.4 billion in sales makes clear the trajectory of growth for the innovative product, which has only been available for a little over a year. Analysts had forecast sales of around $1.3 billion.
Other standout products include Verzenio (abemaciclib) and Jardiance (empagliflozin), with the $1.4 billion sale of rights for Zyprexa (olanzapine) also making a significant contribution to the balance sheet.
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