MedWatch

Pharma & biotech

Eli Lilly upgrades earnings per share guidance

On Tuesday, US-based pharmaceutical firm Eli Lilly has updated elements of its 2021 financial guidance pertaining to earnings per share (non-GAAP), now expecting USD 7.95-8.05 compared to the previous USD 7.8-8.

Lundbeck chairman demands change: "We can't live with this"

Years of work developing new treatments at Lundbeck has so far come to nothing. This has led chairman Lars Rasmusssen to demand visible results, even though CEO Deborah Dunsire has essentially had to restart development work since she joined the firm in 2018.

Biogen to apply for approval for antidepressant in 2022

After a short dialog with the authorities and its partner, Sage, Biogen is planning to start the application process for marketing authorization for its depression drug zuranolone in 2022. This is despite the fact that a recent study did not generate overwhelmingly convincing results.

Roche soars in Q3, carried by Covid-19 test demand

Third quarter Roche sales figures exceeded analysts' expectations. Sales in the Roche Group totaled almost CHF 16bn (USD 17.3) in Q3, whereas sales in the diagnostics division amounted to CHF 4.26bn (USD 4.6bn).

Analysts say Darzalex sales prognosis could be too cautious

Analysts from both US-based Jefferies and Danish bank Sydbank say that the sales forecast for Johnson & Johnson's drug Darzalex, which the company obtained through a licensing agreement with Genmab, is a tad too conservative, perhaps signaling a potential upgrade.

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