A judge ruled the lawsuit against Eli Lilly for their Medicaid rebate payments will proceed to trial; Ely Lilly is accused of underpaying for Medicaid rebates between 2005 and 2016.
The new drug for lung cancer had clinical trial data only from China; FDA officials made clear their opposition to using studies conducted in only one nation as a basis for drug approvals.
Eli Lilly is building its cancer drug pipeline via a research alliance with Foghorn Therapeutic, a biotech whose technology discovers drugs addressing targets in a cellular system that regulate the way genes are turned on and off. In paying its new partner $380 million up front, Lilly is also placing yet another bet on targeted protein degradation drugs.
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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.