Sharp decline in third-quarter 2001 net income for Lilly as Prozac sales
Eli Lilly has posted a 7% decline in net income for the third quarter of2001 to $723.2 million, or $0.66 per share, noting that these figures exclude one-time events such as early debt retirement, restructuring and acquisitions. If these sums are taken into account, net income fell 27%.
Sales for the reporting period were up just 2% to $2.87 billion as the loss of patent protection on the antidepressant Prozac (fluoxetine) took effect. Combined sales of Prozac and the line extension Sarafem (also fluoxetine) decreased 34% to $449.4 million and were down 43% to $335.7 million in the USA as generic competition entered the market.
Zyprexa now lead product
This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.
Login to your accountTry before you buy
Free
7 day trial access
- All the news that moves the needle in pharma and biotech
- Exclusive features, podcasts, interviews, data analyses and commentary from our global network of life sciences reporters.
- Receive The Pharma Letter daily news bulletin, free forever.
Become a subscriber
£820
Or £77 per month
- Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
- Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
- Daily roundup of key events in pharma and biotech.
- Monthly in-depth briefings on Boardroom appointments and M&A news.
- Choose from a cost-effective annual package or a flexible monthly subscription
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed
Chairman, Sanofi Aventis UK
Today's issue
Company Spotlight
Copyright © The Pharma Letter 2025 | Headless Content Management with Blaze