Lilly To See Profit Decline Of Up to One-Third in 2014
Eli Lilly forecasts that its profit will fall by up to one-third this year, Reuters has reported. The drugmaker’s forecasted revenue for 2014 is now between $19.2 billion and $19.8 billion, with a net income of $3 billion and operating cash flow of $4 billion.
Eli Lilly forecasts that its profit will fall by up to one-third this year, Reuters has reported. The drugmaker’s forecasted revenue for 2014 is now between $19.2 billion and $19.8 billion, with a net income of $3 billion and operating cash flow of $4 billion.
The profit fall is in line with the company’s expectations, however, as Lilly will feel most sharply this year the effect of the patent cliff that began in October 2011 with the loss of U.S. patent protection for its schizophrenia treatment Zyprexa. At its peak Zyprexa had annual sales of more than $5 billion but now brings in $1 billion. This March the company’s osteoporosis drug Evista, with annual sales of $1 billion, will also be open to generic competion.
The company is now pinning its hopes on the experimental drug ramucirumab, which has been proven to prolong the survival of stomach cancer patients in late-stage clinical trials. Lilly Chief John Lechleiter also confirmed that diabetes drugs will remain “a company mainstay”. The company has two experimental diabetes drugs in late-stage trials, the injectable medicine dulaglutide and a basal insulin.
Atlantic Equities analyst Richard Purkiss told Reuters that he expects Lilly’s revenue to “bounce back strongly in 2015, and for the company to have mid-teens percentage growth in earnings from 2014 to 2017.”
Beyond the Prescription: Pharma's Role in Digital Health Conversations
April 1st 2025Join us for an insightful conversation with Jennifer Harakal, Head of Regulatory Affairs at Canopy Life Sciences, as we unpack the evolving intersection of social media and healthcare decisions. Discover how pharmaceutical companies can navigate regulatory challenges while meaningfully engaging with consumers in digital spaces. Jennifer shares expert strategies for responsible marketing, working with influencers, and creating educational content that bridges the gap between patients and healthcare providers. A must-listen for pharma marketers looking to build trust and compliance in today's social media landscape.
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April 1st 2025As social media continues to influence healthcare communication, it presents both challenges and opportunities for the pharmaceutical industry. In this interview, Jennifer Harakal of Canopy Life Sciences discusses balancing compliance with effective digital engagement to build trust and facilitate meaningful healthcare conversations.
