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Trulicity Takes Hit From Payer Mix, But Lilly Emerges From Q3 Ahead

COVID-19 Antibody Bamlanivimab Fails In Sicker Patients

 
• By Joseph Haas

US pricing for Trulicity due to payer mix fluctuations dragged down solid volume growth. Lilly hopes revenue from COVID-19 therapies will help it hit annual guidance, but bamlanivimab failed to benefit hospitalized patients.

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Lilly's revenue is growing despite the pandemic, but not without COVID-19-related headwinds

Eli Lilly and Company reported revenue growth for the third quarter, but the broad impact of the COVID-19 pandemic is now affecting the company’s performance in new ways – including sales of its type 2 diabetes drug Trulicity coming in below expectations due to US payer mix fluctuations, increased R&D spending on COVID-19 antibody trials and increased sales, general and administrative (SG&A) expenses as business returns to normal.

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