Eli Lilly strikes optimistic tone on COVID-19 therapy after trial failure

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Eli Lilly fell short of analysts' expectations for third-quarter profit due to increased costs to develop COVID-19 therapies and lower demand for some its major drugs, including diabetes treatment Trulicity

on Tuesday aimed to ease investor concerns about its COVID-19 antibody treatment after a trial of the therapy failed to show a benefit in hospitalized patients.

Reuters reported earlier this month that U.S. Food and Drug Administration inspectors found serious quality control problems at the plant preparing to manufacture the antibody therapies. “While the results in hospitalized patients were disappointing, we don’t expect this to affect our chances of success in prophylaxis or in early treatment,” Chief Scientific Officer Daniel Skovronsky said on a conference call.

U.S. President Donald Trump has been touting the antibody therapies after receiving a similar treatment from Regeneron Pharmaceuticals IncThe Indianapolis-based drugmaker also reported a lower-than-expected quarterly profit in part due to pricing pressure on some of its major drugs, including diabetes treatment Trulicity, and its shares fell more than 5%.

 

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Will you also delete all the news stories that tell lies about how bad American is? Please also tell the truth about your leftist plans to destroy freedom and peace in the world. Hate is an addiction you need to be cured of.

good luck

Thank you realDonaldTrump and SenateGOP_ and HouseGOP for all your hard work to make this coming 3rd wave of Covid-19 not only possible but it is going to be setting record highs for Covid numbers in cases,hospitalizations and deaths while taking away our healthcare coverage

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