Please login to the form below

Not currently logged in
Email:
Password:

BMS' profit down, Lilly's up

Bristol-Myers Squibb has reported a drop in Q2 profit while Eli Lilly has announced a net income increase of 16 per cent for the quarter

Bristol-Myers Squibb (BMS) has reported a drop in second-quarter profit that the company attributes to the 2009 spin-off of its nutritionals unit. Profit was down by about 6 per cent compared to last year's second quarter, coming in at $927m, or 53 cents per share.

Revenue was up slightly, coming in at $4.77bn for the quarter, compared to $4.67bn in 2009's second quarter.

Eli Lilly and Company's second-quarter net income was up 16 per cent to $1.35bn, or $1.22 per share, compared to $1.16bn, or $1.06 per share, in the second quarter of 2009. Revenue was up 9 per cent to $5.75bn.

However, Lilly's good news was tempered by the fact that the numbers largely reflect robust sales of drugs that are due to go off patent in the coming years.

For example, antipsychotic Zyprexa (olanzapine) sales were up 5 per cent to $1.26bn and antidepressant Cymbalta (duloxetine) sales were up 17 per cent to $867.7m. Zyprexa is due to lose US patent protection next year, while Cymbalta will go off patent in 2013.

22nd July 2010

Share

COVID-19 Updates and Daily News

Featured jobs

PMHub

Add my company
Market Access Transformation

Market Access Transformation (MAT), founded by industry veterans Baiju Aurora and Paul Howard, specializes in developing cutting edge technologies that...

Latest intelligence

Healthcare in a lockdown
Even if patients are getting enough care during the COVID-19 pandemic, are they getting the right care?...
Love in the Time of Coronavirus
Having gone through 4 stages of coping with covid-19: first disbelief, then humour, then creative ways to deal with isolation, and finally the tragic realisation that lives are being lost...
The other side of … multiple sclerosis
No good comes from excluding patients from having a say in their own care. In fact, improving activation (& outcomes) demands it....

Infographics