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Lilly Hopes To Revitalize Its Cancer Brand With 'Foundational' Agents

 
• By Joseph Haas

While reporting 19% US sales growth for the quarter, Lilly also outlined a revised oncology R&D strategy and revealed that refiling the NDA for baricitinib may be delayed 18 months or more.

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Eli Lilly & Co.'s revamped oncology research and development strategy, and an estimated 18-month delay in refiling the NDA for its rheumatoid arthritis candidate baricitinib, overshadowed a strong earnings quarterly report on July 25, as the Indianapolis pharma reported 8% year-over-year sales growth overall, including 15% growth in US business.

Analysts were not overly impressed with the new cancer R&D plans – outlined by Lilly Oncology President Susan Mahony and recent hire Levi Garraway, senior VP of global development and medical affairs for oncology, who joined Lilly in January from Harvard University

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• By Vibha Ravi

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• By Andrew McConaghie

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