Eli Lilly third-quarter profit slips 4%
Reuters
Published Oct 27, 2020 06:43AM ET
(Reuters) - Eli Lilly and Co (N:LLY) reported a 4% fall in the third-quarter profit on Tuesday due to higher costs.
Net income fell to $1.21 billion, or $1.33 per share, in the quarter ended Sept. 30, from $1.25 billion, or $1.37 per share, a year earlier.
Lilly's results come a day after the drugmaker said no additional hospitalized COVID-19 patients will receive its experimental antibody treatment based on data suggesting that the therapy was unlikely to help these patients recover.
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Written By: Reuters
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