Eli Lilly Recognized Acquired IPR&D Charges Of $2.98B For Three Months Ended Sept 30, 2023; Progressed Efforts To Bring Tirzepatide To Patients Via Different Delivery Presentations Outside U.S. Like Single-Use Vials, Multi-Use Pens
Portfolio Pulse from Benzinga Newsdesk
Eli Lilly has reported acquired IPR&D charges of $2.98B for the three months ending September 30, 2023. The company is also making progress in its efforts to deliver Tirzepatide to patients outside the U.S. through different delivery presentations such as single-use vials and multi-use pens.
November 02, 2023 | 3:32 pm
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POSITIVE IMPACT
Eli Lilly's acquired IPR&D charges of $2.98B for Q3 2023 indicate significant investment in research and development. The company's progress in delivering Tirzepatide outside the U.S. could potentially expand its market and increase revenues.
The high IPR&D charges indicate that Eli Lilly is heavily investing in research and development, which could lead to new products and revenue streams in the future. The progress in delivering Tirzepatide outside the U.S. shows the company's efforts to expand its market, which could potentially increase its revenues and positively impact its stock price.
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