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Lilly Reports Second-Quarter 2011 Results
Date:7/21/2011

tal revenue of $103.9 million for Byetta, a decrease of 3 percent.

Worldwide sales of Byetta were $171.2 million in the second quarter of 2011, a 4 percent decrease compared with the second quarter of 2010, due to competitive pressures in the U.S. and European markets. U.S. sales of Byetta decreased 8 percent to $129.0 million compared with the second quarter of 2010, while sales of Byetta outside the U.S. increased 11 percent to $42.2 million.

Effient®

Effient sales were $71.7 million in the second quarter of 2011, up from $56.3 million in the first quarter of 2011. U.S. Effient sales were $52.0 million. Sales outside the U.S. were $19.8 million.

Animal Health

Worldwide sales of animal health products in the second quarter of 2011 were $389.5 million, an increase of 20 percent compared with the second quarter of 2010. U.S. sales grew 18 percent, to $218.3 million, due to increased demand for food animal products and the recent U.S. launch of Trifexis™.  Sales outside the U.S. increased 23 percent, to $171.2 million, driven by the impact of the acquisition of certain Pfizer animal health assets in Europe in the second quarter of 2010, increased demand, and the favorable impact of foreign exchange rates.

2011 Financial Guidance The company has updated its 2011 financial guidance to reflect a number of factors, including continued strong volume growth in revenue, the appreciation of several foreign currencies versus the U.S. dollar, the prompt approvals of linagliptin in multiple markets and the partial impairment of the acquired in-process research and development asset related to liprotamase. As a result, the company has raised and narrowed its full-year 2011 non-GAAP earnings per share guidance to a range of $4.25 to $4.35 per share. On a reported basis, the company now expects full-year 2011 earnings per share to be in the range of $3.85 to $3.95. Earnings per share guidance excludes potential future res
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SOURCE Eli Lilly and Company
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