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Eli Lilly cuts 2024 revenue forecast to $45B due to sluggish sales of its weight-loss drugs.
Eli Lilly lowered its 2024 revenue forecast to about $45 billion due to slower-than-expected sales of its weight-loss drugs, Mounjaro and Zepbound.
The company's stock dropped as a result.
Despite the setback, Lilly expects revenue to grow by 32% in 2025, projecting sales between $58 billion and $61 billion.
The company also plans to increase production of these drugs by 60% in the first half of 2025.
3 months ago
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