Financial Times FT.com

Eli Lilly upbeat on outlook

By Christopher Bowe in New York

Published: April 16 2007 20:47 | Last updated: April 16 2007 20:47

Eli Lilly on Monday lifted its sales and profit forecasts for the year, helped by strong sales and a delicate balance of marketing spending and cost controls in the first quarter.

The US drugmaker also reached a milestone as its key newer drugs accounted for 30 per cent of its first-quarter sales, making it less reliant on blockbuster Zyprexa – an anti-psychotic that accounts for 26 per cent of its sales.

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