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Lilly Cuts Forecast After U.S. Covid Drug Order Cancelled
Apr 28 2021, 5:25 AM
April 27 2021, 9:05 PM
April 28 2021, 5:25 AM
(Bloomberg) Eli Lilly & Co. cut the high end of its 2021 forecast after the U.S. canceled an order for the drugmakerâs solo Covid-19 antibody to focus on its combination treatment.
(Bloomberg) Eli Lilly & Co. cut the high end of its 2021 forecast after the U.S. canceled an order for the drugmakerâs solo Covid-19 antibody to focus on its combination treatment.
Adjusted earnings will top out at $8 a share, Indianapolis-based Lilly said Tuesday in a statement, down from an earlier maximum of $8.40. The company shaved the high end of its 2021 revenue forecast to $27.6 billion from $28 billion.