GO
Loading...

Eli Lilly CEO Sees Strong Sales for Schizophrenia Drug Zyprexa

Monday, 16 Apr 2007 | 9:54 AM ET

John Lechleiter president and chief operating officer of Eli Lilly, told CNBC’s “Squawk Box” that sales of Zyprexa, a drug used to treat schizophrenia, are strong.

“We continue to be very bullish about Zyprexa,” Lechleiter said Monday. “We saw 6% sales growth in the U.S. this quarter. We had 14% sales growth internationally.”

Eli Lilly Beats the Street
Eli Lilly beat the Street and boosted its full-year guidance this morning. John Lechleiter, Eli Lilly president & COO, discusses the outlook for his company with CNBC's Joe Kernen.

For the first three months of the year, Lilly said it earned $913.3 million, or 84 cents a share, excluding charges related to its acquisition of Icos, up from $835 million, or 77 cents per share in the year-ago period. Sales rose 14% from the same quarter a year ago to $4.23 billion. Sales of Zyprexa gained 10% to $1.1 billion and sales of anti-depression drug Cymbalta jumped 89% to $441 million.

“We like where we are in this business,” Lechleiter said. “We’ve got a good strong balance sheet, a strengthening cash position. We invest more in research and development as a percent of sales than any of the major pharmaceutical companies and, of course, made it clear that we’ll also make acquisitions.”

  Price   Change %Change
LLY
---

Featured

Contact Squawk Box

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    › Learn More
  • Showtimes

    U.S.
    Weekdays 6a ET
    EMEA
    Weekdays 13:00 CET
    Asia
    Weekdays 18:00 SIN/HK
    Australia
    Weekdays 20:00 SYD
    New Zealand
    Weekdays 22:00 NZ
  • Joe Kernen is co-anchor of "Squawk Box," CNBC's signature morning program.

  • Becky Quick is co-anchor of "Squawk Box," CNBC's signature morning program. She's also a columnist for Fortune.

  • Andrew Ross Sorkin is a co-anchor of "Squawk Box," a financial columnist for "The New York Times" and the editor-at-large of NYT's DealBook.