Eli Lilly Revenue Surges 55.5% on Mounjaro Sales, But Stock Lags Amid Pricing Pressures
Summary
Eli Lilly reported strong Q1 results with 55.5% revenue growth to $19.80 billion, driven by Mounjaro's $8.66 billion in sales. The company raised full-year guidance to $82-$85 billion. Despite these positive results, the stock has only risen 2.57% year-to-date to $1,098.57 and fell 5.37% after hitting $1,160.95 on June 11. Challenges include a 13% decline in realized prices due to Mounjaro's addition to China's NRDL formulary, compressed international margins, and $584 million in IPR&D charges. Analyst consensus targets $1,215.79, with internal projections reaching $1,279.62.
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Key quotes
· 4 pulledRevenue increased 55.5% year over year to $19.80 billion, with Mounjaro generating $8.66 billion.
Full-year guidance was raised to $82 to $85 billion.
Realized prices declined 13% in Q1 due to Mounjaro's addition to China's NRDL formulary, compressing international margins.
The consensus target is $1,215.79, while an internal base case targets $1,279.62 with 90% confidence.
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