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Lilly Reports First-Quarter 2011 Results
Date:4/18/2011

e U.S. increased 12 percent, to $160.4 million, driven by higher demand, partially offset by lower prices.

Evista

Evista sales were $266.1 million in the first quarter of 2011, a 10 percent increase compared with the first quarter of 2010. U.S. sales of Evista increased 10 percent to $174.2 million, as a result of higher prices, partially offset by decreased demand. Sales outside the U.S. increased 10 percent to $92.0 million, driven by increased demand in Japan and to a lesser extent the favorable impact of foreign exchange rates, partially offset by lower prices.

Forteo

First-quarter sales of Forteo were $216.1 million, an 11 percent increase compared with the first quarter of 2010. U.S. sales of Forteo decreased 4 percent to $111.7 million due to decreased demand, partially offset by higher prices. Sales outside the U.S. increased 34 percent, to $104.4 million, due primarily to increased demand resulting from the recent launch in Japan.

Gemzar

Gemzar sales totaled $156.1 million in the first quarter of 2011, a decrease of 46 percent from the first quarter of 2010. Sales in the U.S. decreased 66 percent, to $59.3 million, due to the impact of generic competition. Sales outside the U.S. decreased 15 percent, to $96.8 million, due to generic competition in most major markets.

Strattera

During the first quarter of 2011, Strattera generated $138.7 million of sales, a decrease of 5 percent compared with the first quarter of 2010. U.S. sales decreased 16 percent to $86.6 million, due to lower net effective selling prices and lower demand. Sales outside the U.S. increased 20 percent, to $52.1 million, driven primarily by continued strong demand in Japan.

Erbitux®

Lilly recognizes net royalties received from its Erbitux collaboration partners and revenue from manufactured product sold to these partners. For the first quarter of 2011, Lilly recognized total revenue of $104.0 million for Erbitux, an
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SOURCE Eli Lilly and Company
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