Eli Lilly Sues Clinics Over Unauthorized Mounjaro Drug Sale

RTTNews | 402 ngày trước
Eli Lilly Sues Clinics Over Unauthorized Mounjaro Drug Sale

(RTTNews) - Eli Lilly has filed lawsuits against several medical spas, wellness centers and compounding pharmacies for unauthorized sale of diabetes drug Mounjaro (tirzepatide). These clinics allegedly use the drug for weight loss treatment.

Mounjaro, approved for type 2 diabetes, is only available from and manufactured by Lilly. They are commercially available in a pre-filled single-dose pen only.

Lilly noted that compounding pharmacies and counterfeit sources are manufacturing and distributing compounded drugs claiming to contain tirzepatide. These drugs have not been reviewed or approved by the U.S. FDA or global regulatory agencies and may cause potentially serious health risks to patients.

According to the FDA, drug compounding is the process of combining, mixing, or altering ingredients to create a medication as per the requirements of individual patients. Compounded drugs are not FDA-approved.

The company noted that it cannot validate the safety or effectiveness of such compounded products claiming to contain tirzepatide that are not its own branded product.

In a statement, Lilly said the action was taken to protect patient safety and stop the unlawful marketing and sale of non-FDA approved compounded products fraudulently claiming to be Mounjaro.

As per reports, the suits were filed in federal courts in carious states of Florida, Texas, Arizona, Georgia, Minnesota, South Carolina and Utah. With the move, the drug maker seeks to block the sales of fake versions of Mounjaro, along with an monetary damages.

read more
Eli Lilly Q2 Results Top Estimates; Boosts FY24 Outlook

Eli Lilly Q2 Results Top Estimates; Boosts FY24 Outlook

Drugmaker Eli Lilly reported Thursday a net profit for the second quarter that surged 68 percent from last year, reflecting strong Mounjaro, Zepbound and Verzenio sales as well as higher realized prices. Both adjusted earnings per share and revenues topped analysts' expectations. The company also raised its guidance for the full-year 2024.
RTTNews | 79 ngày trước
Eli Lilly Again Boosts FY24 Outlook - Update

Eli Lilly Again Boosts FY24 Outlook - Update

While reporting financial results for the second quarter on Thursday, drugmaker Eli Lilly and Co. (LLY) raised its earnings, adjusted earnings and revenue guidance for the full-year 2024, primarily driven by the strong performance of Mounjaro and Zepbound, as well as the company's non-incretin medicines.
RTTNews | 79 ngày trước
Eli Lilly CFO Anat Ashkenazi Resigns

Eli Lilly CFO Anat Ashkenazi Resigns

Eli Lilly and Co. (LLY) announced Wednesday that Anat Ashkenazi has resigned as chief financial officer to pursue a career opportunity outside of the pharmaceutical industry.
RTTNews | 143 ngày trước
Eli Lilly Boosts FY24 Outlook - Update

Eli Lilly Boosts FY24 Outlook - Update

While reporting financial results for the first quarter on Tuesday, drugmaker Eli Lilly and Co. (LLY) raised its earnings, adjusted earnings and revenue guidance for the full-year 2024, primarily driven by the strong performance of Mounjaro and Zepbound and greater visibility into the company's production expansion for the remainder of the year.
RTTNews | 179 ngày trước
Eli Lilly Q4 Results Top Estimates

Eli Lilly Q4 Results Top Estimates

Drugmaker Eli Lilly reported Tuesday a profit for the fourth quarter that grew 13 percent from last year, reflecting strong Mounjaro sales and higher realized prices. Both adjusted earnings per share and revenues topped analysts' expectations. The company also provided strong revenue guidance for the full-year 2024.
RTTNews | 263 ngày trước
Eli Lilly Guides FY24 Revenues Above Estimates - Update

Eli Lilly Guides FY24 Revenues Above Estimates - Update

While reporting financial results for the fourth quarter on Tuesday, drugmaker Eli Lilly and Co. (LLY) initiated its earnings, adjusted earnings and revenue guidance for the full-year 2024.
RTTNews | 263 ngày trước