{"id":22291,"date":"2023-02-03T17:48:00","date_gmt":"2023-02-03T09:48:00","guid":{"rendered":"https:\/\/flcube.com\/?p=22291"},"modified":"2025-01-20T17:58:43","modified_gmt":"2025-01-20T09:58:43","slug":"eli-lilly-reports-q4-financials-with-covid-19-impact-and-market-performers","status":"publish","type":"post","link":"https:\/\/flcube.com\/?p=22291","title":{"rendered":"Eli Lilly Reports Q4 Financials with COVID-19 Impact and Market Performers"},"content":{"rendered":"\n

Eli Lilly & Co. (NYSE: LLY<\/a>) reported its Q4 2022 financials, revealing a 9% year-on-year (YOY) drop in global sales to USD 7.3 billion, primarily due to falling COVID-19 revenues and unfavorable exchange rates. Excluding COVID-19 antibodies, sales were up 10% YOY in constant currency terms. For the full year, Lilly reported 4% growth in constant currency terms, reaching USD 28.54 billion in sales.<\/p>\n\n\n\n

Key Market Performers<\/strong>
The underlying growth was driven by several key products, including the CDK4\/6 inhibitor Verzenio (abemaciclib), diabetes therapies Mounjaro (tirzepatide), Trulicity (dulaglutide), and Jardiance (empagliflozin), psoriatic arthritis drug Taltz (ixekizumab), thyroid cancer drug Retevmo (selpercatinib), migraine drug Emgality (galcanezumab), anti-VEGFR cancer drug Cyramza (ramucirumab), the PD-1 drug Tyvyt (sintilimab) partnered with Innovent Biologics, and arthritis therapy Olumiant (baricitinib). These drugs collectively grew revenues by 21% YOY and accounted for 70% of revenue in Q4 2022.<\/p>\n\n\n\n

Regulatory and Market Developments<\/strong>
During Q4, Lilly achieved a significant US market approval for the next-generation Bruton\u2019s tyrosine kinase (BTK) inhibitor Jaypirca (pirtobrutinib). However, the company also received a Complete Response Letter for its Alzheimer\u2019s disease therapy donanemab. CEO David Ricks described 2023 as a key “inflection point” for Lilly, with plans to launch up to four new medicines for challenging diseases while advancing its next-generation molecules currently in Phase III.<\/p>\n\n\n\n

China Market Performance<\/strong>
In China, revenue grew 2% in constant currency terms during Q4 to USD 351 million, while full-year sales fell by 10% YOY to USD 1.453 billion. Q4 saw ongoing volume growth for the insulin product Humalog, but this was offset by lower pricing following last year\u2019s volume-based procurement tender. Tyvyt\u2019s Q4 revenues in China were reported at USD 57.5 million, down 26% YOY due to the impact of the National Reimbursement Drug List (NRDL) pricing, growing market competition, and COVID-19-related disruptions.-Fineline Info & Tech<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Eli Lilly & Co. (NYSE: LLY) reported its Q4 2022 financials, revealing a 9% year-on-year…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAownpewDA:productID":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[7],"tags":[199,27,911],"class_list":["post-22291","post","type-post","status-publish","format-standard","hentry","category-company","tag-eli-lilly","tag-finanical-reports","tag-nyse-lly"],"yoast_head":"\nEli Lilly Reports Q4 Financials with COVID-19 Impact and Market Performers - Insight, China's Pharmaceutical Industry<\/title>\n<meta name=\"description\" content=\"Eli Lilly & Co. 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