Posted by jrbecker on January 5, 2004, at 9:23:44
http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=4073373
Lilly seeks to launch depression drug in summer
Mon January 5, 2004 08:50 AM ETNEW YORK, Jan 5 (Reuters) - Eli Lilly & Co. (LLY.N: Quote, Profile, Research) said on Monday it expects to launch its highly anticipated new depression drug Cymbalta this summer, in line with the company's recent expectations.
Cymbalta is one of a handful of new Lilly drugs expected to drive the Indianapolis company's profit higher. Company officials talked about the launch timing on a conference call in conjunction with the release of its 2004 earnings outlook.Cymbalta works by maximizing the presence in the brain of two messenger chemicals, serotonin and norepinephrine -- the same dual mechanism employed by Wyeth's (WYE.N: Quote, Profile, Research) hot-selling Effexor XR treatment.
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thread:296641
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