Lilly Revenue Rises 7.2% on Demand For New Drugs

Industries Reuters

(Eli Lilly)

Eli Lilly Co reported a 7.2 percent rise in quarterly revenue, lifted by higher demand for its diabetes drug Trulicity and other new treatments.

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The drugmaker said on Tuesday net income rose to $771.8 million, or 73 cents per share, in the fourth quarter ended Dec. 31, from $478.4 million, or 45 cents per share, a year earlier.

Revenue rose to $5.76 billion from $5.38 billion.

(Reporting by Divya Grover in Bengaluru; Editing by Sriraj Kalluvila)