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Financial Report: Lilly 1Q11

Total revenue in the U.S. was $3.1 billion (+1%) primarily due to higher prices, partially offset by lower volume.

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By: Tim Wright

Editor-in-Chief, Contract Pharma

Lilly 1Q11 1Q Revenues: $5.8 billion (+6%) 1Q Earnings: $1.1 billion (-15%) Comments: Total revenue in the U.S. was $3.1 billion (+1%) primarily due to higher prices, partially offset by lower volume. Revenue outside the U.S. was up 13% to $2.8 billion due to increased volume and the positive impact of foreign exchange. Revenue in the quarter was down $90 million due to the impact of U.S. healthcare reform. Zyprexa sales were up 6% to $1.3 billion. Cymbalta sales were up 13% to $908.8 m...

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