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How Are Eli Lilly’s New Products Performing?

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New products from Lilly

Eli Lilly and Co. (LLY) launched various products under different franchises. A few of the new products include Portrazza, Cyramza, Basaglar, Jardiance, Taltz, and Trulicity.

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Basaglar

Basaglar is an insulin glargine injection to control blood sugar levels in patients with both type-1 and type-2 diabetes. Basaglar is expected to be launched in US markets in December 2016. Eli Lilly reported Basaglar sales of $16 million in 2Q16 in Japan and a few European markets.

Cyramza

Cyramza is an oncology drug used in combination with other drugs to treat metastatic NSCLC (non-small cell lung cancer), advanced gastric cancer, and metastatic colorectal cancer. Cyramza sales increased by more than 68% in 2Q16 to $147 million. Sales increased due to higher demand in Japan and European markets for the treatment of metastatic NSCLC and metastatic colorectal cancer.

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Jardiance

Jardiance is another drug from Eli Lilly. It lowers blood sugar levels in patients with type-2 diabetes. Jardiance is part of Boehringer Ingelheim and Eli Lilly’s diabetes alliance. It reported revenues of $40 million for 2Q16—compared to $11 million for 2Q15.

Portrazza

Portrazza is a new drug to treat metastatic squamous NSCLC. The drug was launched in December 2015 after the FDA approved it on November 24, 2015. Portrazza reported sales of $4 million in 2Q16. To learn more, read FDA Approves Eli Lilly’s Portrazza based on Squire Study. The European Commission approved Portrazza in combination with other chemotherapy as a first-line treatment of non-small cell lung cancer on February 24, 2016. Recently, the drug launched in Europe.

Other drugs in the oncology field include Pfizer’s (PFE) Inlyta and Sutent, Bristol-Myers Squibb’s (BMY) Opdivo, Merck’s (MRK) Keytruda, GlaxoSmithKline’s (GSK) Mekinist and Tafinlar, and Roche’s Zelboraf.

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Taltz

The company launched Taltz in US markets in April 2016. It launched Taltz in European markets in July 2016.

Trulicity

Trulicity is a drug that improves blood sugar levels in patients with type-2 diabetes. Trulicity reported sales of $201 million in 2Q16—compared to $44 million in 2Q15. The increase was mainly due to higher demand in US markets where the drug reported sales of $161 million during the quarter.

To divest the risk, investors can consider ETFs like the First Trust Capital Strength ETF (FTCS). FTCS holds ~2.1% of its assets in Eli Lilly.

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