Lilly's 2023 financial guidance includes launch of up to four new meds

14 December 2022

Eli Lilly (NYSE: LLY) saw its shares close down 2.3% at $358.66, after the US major announced financial guidance for 2023, which was viewed as slightly disappointing.

Lilly expects to deliver strong financial and operational performance in 2023, highlighted by volume-driven revenue growth; potential launches for donanemab, mirikizumab, lebrikizumab and pirtobrutinib; potential regulatory submissions for tirzepatide in obesity; and numerous other anticipated pipeline advancements.

Continued pipeline progress in 2023 includes expected initiation of Phase III clinical trials for retatrutide (GGG tri-agonist) in obesity and orforglipron (oral GLP-1 NPA) in type 2 diabetes and obesity, and key Phase III readouts, which include donanemab for early Alzheimer's disease and mirikizumab for Crohn's disease.

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