Breaking News, Financial News

Financial Report: Lilly 4Q09

ImClone acquisition costs in the rear-view mirror, earnings returned to form

Author Image

By: Tim Wright

Editor-in-Chief, Contract Pharma

Lilly 4Q09 4Q Revenues: $5.9 billion (+14%) 4Q Earnings: $915.4 million (loss of $3.6 billion in 4Q08) FY Revenues: $21.8 billion (+7%) FY Earnings: $4.3 billion (loss of $2.1 billion in FY09) Comments: Earnings in 4Q08 were affected by a $4.7 billion charge related to the ImClone acquisition. Lilly incurred charges of $692.7 million in FY09 for restructuring and Zyprexa litigation. Zyprexa sales rose 19% in 4Q09 to $1.4 billion and 5% in FY09 to $4.9 billion, with a 4Q09 internat...

Continue reading this story and get 24/7 access to Contract Pharma for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Contract Pharma Newsletters