Tuesday, July 24, 2007

Lilly beats forecasts, raises '07 view

(Reuters) - Lilly posted strong revenue gains from Cymbalta and Zyprexa for schizophrenia, which rose 67 percent and 9 percent, respectively, and helped the company beat revenue expectations by about $250 million.




"Together these two products accounted for almost two thirds of the revenue beat," JPMorgan analyst Roberto Cuca wrote in a research note. "This should boost sentiment among those investors who had been concerned about the health of Lilly's franchise."


Read more at Reuters.com Market News

No comments: