Eli Lilly lifts guidance after sales of Mounjaro and Zepbound drugs soar
Eli Lilly raised its full-year revenue forecast by $2bn, propelled by surging sales of diabetes and weight loss drugs Mounjaro and Zepbound, as well as improvements in production capacity.
The Indianapolis-based drugmaker said on Tuesday it now expected full-year revenue to be between $42.4bn and $43.6bn.
Shares in Eli Lilly, which last year became the world’s biggest pharmaceutical group by market value, were up about 7 per cent in pre-market trading and close to record highs struck two months ago.
New products revenue, which includes the weight loss treatments, came in at $2.39bn in the first quarter, up from $600mn during the same period last year.