Breaking News, Financial News

Financial Report: Lilly ICOS LLC

Lilly ICOS LLC

4Q Revenues: $226.7 million (+30%)

4Q Earnings: $99.9 million (+63%)

FY Revenues: $800.9 million (+31%)

FY Earnings: $320.3 million (earnings were $37.8 million FY2006)

Comments: Revenue for the quarter includes $12 million in royalties on sales reported by Lilly, compared to $9 million in 4Q2005. FY revenue includes $45.7 million in royalties on sales reported by Lilly, compared to $34 million in 4Q2005. FY earnings reflect a $224.4 million increase in worldwide sales of Cialis and a $96.8 million reduction in selling, general and administrative costs. The acquisition of ICOS by Eli Lilly and Co., announced in December 2006, is expected to close early in 1Q2007.

Add us as a preferred source on Google

Get the latest Contract Pharma news, insights and analysis in your Google Search and AI experiences.

Keep Up With Our Content. Subscribe To Contract Pharma Newsletters