Record Revenue Growth
Revenue grew 54% compared to the same period last year, driven by key products. Gross margin as a percentage of revenue was 83.6%, an increase of 1.4 percentage points versus the same quarter last year.
Increased Market Share in Incretin Analogs
In the U.S., Lilly gained market share in the incretin analogs market for the fifth consecutive quarter. Lilly medicines account for nearly 6 out of 10 prescriptions within this large and growing class.
FDA and EU Approvals
U.S. FDA approval for imlunestrant under the brand name Inluriyo for ER+, HER2-, ESR1-mutated advanced or metastatic breast cancer. The EU approved Kisunla for early symptomatic Alzheimer's disease.
Strong International Performance
Revenue in Europe increased by over 100% in constant currency, and Japan, China, and the Rest of the World delivered constant currency revenue growth of 24%, 22%, and 51%, respectively.
R&D Advancements
Positive results from multiple Phase III trials for orforglipron in obesity and type 2 diabetes. Plans to initiate 2 Phase III trials with baricitinib in type 1 diabetes.
Manufacturing Expansion
Plans to build 2 new U.S. facilities for active pharmaceutical ingredients and the expansion of an existing facility in Puerto Rico.