Several positive elements in Eli Lilly Q3 report, says analyst

An analyst at Sydbank thinks that Eli Lilly's third quarter report includes a number of positive elements, and emphasizes that this could also be good news for competitor Novo Nordisk.

Photo: Mike Blake/Reuters/Ritzau Scanpix

A string of positive results were reported on Tuesday, as US-based Eli Lilly released its financial report for the third quarter of the year. This could also prove good news for its competitor Novo Nordisk, especially when it comes to the sales of its once-weekly GLP-1 drug Ozempic, an analyst from Sydbank assesses.

The Q3 reports shows that Eli Lilly's Ozempic-equivalent drug, Trulicity, has had a revenue growth of 45 percent compared to the same period last year, as revenue for the drug totaled USD 1.6bn. This is USD 100m over the analysts' consensus estimates, as reported by Bloomberg News.

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