Lilly banishes baricitinib blues with strong 1st-qtr results
The week started badly for Eli Lilly (NYSE: LLY) with a potential setback in its hopes to gain US approval for baricitinib in rheumatoid arthritis, but things took a turn for the better on Tuesday with the presentation of the company’s financial results for the first quarter of 2018.
Earnings and revenue for the quarter beat the expectations of analysts and Lilly has also raised its 2018 earnings per share (EPS) estimate to a range of $5.10 to $5.20 from the previous $4.81 to $4.91, and its sales prediction to $23.7 billion to $24.2 billion from $23 billion to $23.5 billion.
'New growth era'
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