Why Eli Lilly Is Gouging Diabetes Drug Share From Dow’s Johnson & Johnson, Others

Eli Lilly (LLY) is gouging share from Johnson & Johnson (JNJ) and Novo Nordisk (NVO) in two classes of diabetes drugs, an analyst said Monday, though he suggested Lilly’s second-quarter metrics would just meet consensus views.

Prescription trends show Lilly’s sales and earnings will be roughly in line with Wall Street views, Leerink analyst Seamus Fernandez wrote in a note to clients. The consensus expects Lilly to report $1.04 in adjusted earnings per share on $5.59 billion in sales.

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