IBJNews

Lilly chases Novo in insulin race

Back to TopCommentsE-mailPrintBookmark and Share

Eli Lilly and Co. announced positive results for an experimental insulin at the annual American Diabetes Association conference in Philadelphia, but was still upstaged by Denmark-based Novo Nordisk A/S.

Novo announced more encouraging data about its super-long-acting insulin degludec, which it has submitted to the U.S. Food and Drug Adminstration for approval.

Degludec proved as effective as Lantus, the leading long-acting insulin, at reducing blood sugar levels and led to fewer incidents of overnight hyperglycemia, the company said.

Novo is trying to grab more of the $5 billion in sales Lantus enjoys.

Lilly and its development partner Boehringer Ingelheim GmbH announced results at the conference about a long-acting insulin glargine they are developing to compete with Lantus. According to the Associated Press, the drug, known as LY2605541, was slightly better at reducing blood sugar levels and inducing weight loss for Type 1 diabetics, compared with Lantus. Results for Type 2 diabetics were about the same with either drug in the mid-stage clinical trial.

Lilly and Boehringer also announced new clinical trial results for their drug Tradjenta, which hit the market in the United States and Europe last year.

Lilly is the No. 3 player in diabetes, behind Novo and France-based Sanofi Aventisu SA, the maker of Lantus. But with Lantus’ patent expiring in 2014, Lilly could bump up to the No. 2 spot, according to projections by Jefferies & Co. analyst Jeffrey Holford.

Holford expects Lilly’s diabetes pipeline to produce $1.2 billion in new revenue by 2017, and for its existing diabetes products to add at least another $1 billion in annual revenue by then.

That represents compounded annual growth of more than 8 percent. But Holford still expects Novo to grow faster, at about 11 percent compounded annually.

"We expect the key diabetes brands and markets to exhibit sustainable high-single-digit growth," Holford recently wrote to investors. With Western populations aging and emerging nations adopting Western diets, he expects diabetes mediciations will reach a whopping $54 billion in sales by 2020.

 

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. So much for Eric Holder's conversation about race. If white people have got something to say, they get sued over it. Bottom line: white people have un-freer speech than others as a consequence of the misnamed "Civil rights laws."

  2. I agree, having seen three shows, that I was less than wowed. Disappointing!!

  3. Start drilling, start fracking, and start using our own energy. Other states have enriched their citizens and nearly elminated unemployment by using these resources that are on private land. If you are against the 'low prices' of discount stores, the best way to allow shoppers more choice is to empower them with better earnings. NOT through manipulated gov mandated min wage hikes, but better jobs and higher competitive pay. This would be direct result of using our own energy resources, yet Obama knows that Americans who arent dependent of gov welfare are much less likely to vote Dem, so he looks for ways to ensure America's decline and keep its citizens dependent of gov.

  4. Say It Loud, I'm Black and Ashamed: It's too bad that with certain "black" entertainment events, it seems violence and thuggery follows and the collateral damage that it leaves behinds continues to be a strain on the city in terms of people getting hurt, killed or becoming victims of crimes and/or stretching city resources. I remember shopping in the Meadows area years ago until violence and crime ended make most of the business pack you and leave as did with Lafayette Square and Washington Square. Over the past 10 to 12 years, I remember going to the Indiana Black Expo Soul Picnic in Washington Park. Violence, gang fights and homicides ended that. My great grandmother still bears the scares on her leg from when she was trampled by a group of thugs running from gun fire from a rival gang. With hundreds of police offices downtown still multiple shootings, people getting shot downtown during Black Expo. A number of people getting shots or murdered at black clubs around the city like Club Six on the west side, The Industry downtown, Jamal Tinsley's shot out in front of the Conrad, multiple fights and shootings at the skating rinks, shootings at Circle Center Mall and shooting and robberies and car jackings at Lafayette Mall. Shootings and gang violence and the State Fair. I can go on and on and on. Now Broad Ripple. (Shaking head side to side) Say It Loud, I'm Black and I'm Ashamed.

  5. Ballard Administration. Too funny. This is the least fiscally responsive administration I have ever seen. One thing this article failed to mention, is that the Hoosier State line delivers rail cars to the Amtrak Beech Grove maintenance facility for refurbishment. That's an economic development issue. And the jobs there are high-paying. That alone is worth the City's investment.

ADVERTISEMENT