Eli Lilly and Company primarily used its first quarter 2021 earnings call on 27 April to point out some of its long-term plays, particularly the Alzheimer’s disease candidate donanemab and type 2 diabetes candidate tirzepatide. And it might take a while to deliver on those potentially game-changing opportunities: the pharma revealed that it will not seek accelerated approval of donanemab based on Phase II data.
A lesser focus of the call was on the quarterly performance; while Lilly’s year-over-year sales revenue increased by 16%, several products fell short of analyst estimates, notably its COVID-19 neutralizing antibody