Eli Lilly and Company (LLY) Faces Financial Difficulty Over Loss Of Cymbalta Patent
1/3/2014 8:34:22 AM
Eli Lilly is banking that new drugs will counter the massive drop in profits from losing exclusivity of its top-selling antidepressant Cymbalta. The FDA already approved six less costly versions of the drug after its patent expired Dec. 11, 2013. The patent loss is expected to take a huge bite out of the medication’s multibillion-dollar profits. The drug generated Lilly sales of $4.2 billion between January 2012 and September 2012.
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