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"Strong Demand" For Lilly's Weight-Loss Drug Overshadowed By Guidance Cut, Shares Fall
"Strong Demand" For Lilly's Weight-Loss Drug Overshadowed By Guidance Cut, Shares Fall Eli Lilly & Co. shares fell in premarket trading in New York after the company slashed its full-year profit outlook, citing increased research and development expenses, despite posting first-quarter revenue and earnings that beat analysts' expectations, driven by strong demand for its anti-obesity drug, Mounjaro. Goldman analysts, including Asad Haider, provided clients with a first take on Lilly
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