Performance of Eli Lilly’s Neuroscience Products in 2Q17

Cymbalta’s sales totaled $206.6 million during 2Q17, a 13.0% decline compared to sales of $236.5 million in 2Q16.

Mike Benson - Author
By

Sep. 4 2017, Updated 9:06 a.m. ET

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Neuroscience franchise

Eli Lilly & Co.’s (LLY) neuroscience franchise includes the drugs Cymbalta, Strattera, and Zyprexa. The chart below shows the revenues of its neuroscience drugs since 3Q15.

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Cymbalta

Cymbalta is an antidepressant used for the treatment of depression and anxiety, as well as bone and muscle pain. Cymbalta’s sales totaled $206.6 million during 2Q17, a 13.0% decline compared to sales of $236.5 million in 2Q16. Its US sales fell 22.0% to $47.1 million, while its international sales fell 9.0% to $159.6 million during 2Q17.

Strattera

Strattera is a drug for attention-deficit/hyperactivity disorder (or ADHD). Strattera’s sales totaled $186.6 million during 2Q17, a 17.0% decline compared to sales of $224.6 million in 2Q16. Its US sales fell 29.0% to $101.5 million, while its international sales rose 5.0% to $85.1 million during 2Q17.

Zyprexa

Zyprexa is an antipsychotic drug used in the treatment of brain disorders like schizophrenia or bipolar disorders. Zyprexa’s sales reached $140.8 million during 2Q17, a 33.0% decrease compared to $210.7 million in 2Q16.

Zyprexa’s US sales fell 10.0% to $13.0 million, and its international sales fell 35.0% to $127.8 million during 2Q17. The drug’s international sales were impacted by patent expiry in Japan during June 2016, resulting in a 56.0% decline in sales from Japan due to generic competition.

For broad-based exposure to this sector, investors can consider the VanEck Vectors Pharmaceutical ETF (PPH), which holds 4.7% of its portfolio in Eli Lilly (LLY). PPH also holds 9.0% in Johnson & Johnson (JNJ), 5.2% in Merck & Co. (MRK), and 5.2% in Bristol-Myers Squibb (BMY).

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