Lilly Sees New Product Gains, But Older Drugs Still Limit Growth Potential

Lilly noted strong growth for new products, but gains seen in the fourth quarter included older products with limited potential going forward. That puts even more pressure on the R&D pipeline and the company's revised guidance, but executives were optimistic about future growth drivers.

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Eli Lilly & Co. pointed to strong double-digit percentage growth for its newer products on Feb. 6, but with 7% revenue growth overall to $24.56bn in 2018, some of the biggest changes in terms of dollars delivered to the bottom line came from older drugs nearing the end of their patent-protected lives.

Lilly has been trying to refocus investors' attention from products facing loss of exclusivity to drugs commercialized since 2014 along...

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