Stock Watch: Lilly And Novo Provide An Earnings Season Crescendo
Second Quarter Results Had Been Mixed
• By Andy Smith
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The commercial and clinical successes of Lilly and Novo's respective GLP-1 receptor agonists provided an explosive finale to the second-quarter earnings season but also raised questions on reimbursement.
ANDY SMITH OFFERS A LIFE SCIENCE INVESTOR'S PERSPECTIVE ON BIOPHARMA BUSINESS
The comment by an analyst thatMerck & Co., Inc.’s second-quarter earnings report was the best so far turned out to be a prophetic understatement when Eli Lilly and Company and Novo Nordisk A/S put a light under the last week of second-quarter biopharma earnings reports.
Lilly’s second-quarter revenue grew by just over 28% on the same quarter of 2022 and by nearly 20% on the...
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