Eli Lilly launches Alzheimer's drug in India at $957 per vial
Get Alerts LLY Hot Sheet
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.6%
EPS Growth %: +39.6%
Join SI Premium – FREE
Investing.com -- Eli Lilly launched its Alzheimer's drug Lormalzi in India on Wednesday, with a 350 mg vial priced at 91,688 rupees ($957), the company told Reuters.
The drug, also known as Donanemab, is expected to become commercially available later this month. The therapy will be administered as an intravenous infusion once every four weeks to remove amyloid plaques in the brain associated with Alzheimer's progression.
Lormalzi has received marketing authorization from India's Central Drugs Standard Control Organization for patients with mild cognitive impairment or mild dementia stages of Alzheimer's. The drug was approved in the U.S. last year under the brand name Kisunla.
A Lilly executive said earlier this year that India would play a bigger role in the company's global strategy, including as a manufacturing and export hub. Winselow Tucker, president and general manager of Eli Lilly and Company (India), said in February the drugmaker planned to bring additional products to India.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Eli Lilly & Co. (LLY) Declares $1.73 Quarterly Dividend; 0.6% Yield
- SpaceX signs compute deal with Reflection - CNBC
- Expeditionary Energy's Future: Fewer Convoys, More Control
Create E-mail Alert Related Categories
InvestingRelated Entities
Maynard Um, Mark Zuckerberg, ARKSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share