Loss of Patents Main Cause of Lower Earnings at Eli Lilly and Co (LLY)

The loss of Patents over the years, has been the main cause of lower earnings at Eli Lilly and Co (NYSE:LLY), the CEO of the company, Dr. John Lechleiter, said in an interview on CNBC. The loss of Zyprexa patent in the U.S caused the company the biggest blow as it also resulted in a big fine. The company’s focus now is shifting to investing in R&D as the company continues to look for new opportunities with great potential in the pharmaceutical space.

Eli Lilly & Co. (NYSE:LLY)

“We’ve had several years, starting back in 2011 with our product Zyprexa, which we lost the U.S Patents for late last year and then through this March when we lost Evista. We have had several years where we’ve lost Patents. It has been a roller coaster ride but we settled long, we will continue to invest in R&D,” said Mr. Lechleiter.

Eli Lilly and Co (NYSE:LLY) is now increasing its product pipeline at the back of launching its gastric cancer drug, Cyramza, which has already received FDA approval. The CEO also said that the company is in line to launch other products in the future that should boost its product pipeline. Eli Lilly and Co (NYSE:LLY) expects to resume growth at the end of the year on the back of new product lines according to its CEO.

“We launched Cyramza our drug for advanced gastric cancer a couple of months ago. We have other launches planned, we have other regulatory filings planned, so we are working our way through this period, and we aim with this new product launches to begin to resume growth as we come out of this year,” said  Mr. Lechleiter.

Eli Lilly and Co (NYSE:LLY) will continue to push for research and development in various sectors of medicine, seen as one of the ways that the company can use to discover and develop new products. Partnerships with other small companies with a view of developing products for the mass market also remain a key target for the company according to the CEO.

Disclosure: none

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!