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Lilly cancer drug cleared by FDA for expanded leukemia, lymphoma use

December 4, 2023

Lilly’s oncology division is sometimes overshadowed by its metabolic medicine and neurology businesses, but cancer drugs were the second biggest contributor to the company’s $25 billion revenue through the first nine months of the year. Long-lived drugs like Alimta and Erbitux still make contributions, but the company is counting on newer drugs like Jaypirca and Retevmo to boost growth.

Both those drugs came via the $8 billion acquisition of Loxo Oncology in 2019, which Lilly undertook to replace revenue as Alimta and Erbitux’s intellectual property protections expired.

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