Cialis News
2006-10-20 07:49:05
... ill buy ICOS, primarily to gain full ownership of Cialis, for $2.1 billion. The deal, subject to shareholders' votes and regulatory approval, could be completed before the year ends. That will significantly reduce Lilly's costs in selling Cialis, which is expected to exceed $1 billion in sales next year. Reporter Eric Fetters: 425-339-3453 or fetters@heraldnet.com.
2006-10-19 21:10:20
Cialis reached $245 million in worldwide sales in the third quarter, a 26 percent increase over the same period a year earlier. The joint venture of Eli Lilly and Bothell-based Icos, which markets Cialis, said today it recorded a $79.6 million profit in the quarter, up from $19.8 million in the third quarter of 2005. Selling, general and administrative expenses declined to $91.8 million, down from $112.2 million in the comparable period.Earlier this week, Eli Lilly said it has agreed to take ove ...
2006-10-19 02:54:08
... out its partner in the erectile dysfunction drug Cialis for $2.1 billion in an all-cash deal that will likely do little more for the pharmaceutical giant than give its earnings a mild boost.The deal values the Bothell, Wash.-based ICOS at $32 a share, or an 18% premium to its closing price on Monday...Cialis was launched in 2003 and was one of a pair of new entrants challenging Pfizer's Viagra - a drug introduced in 1998 whose very name had become synonymous with the disorder it aimed to treat...Tags: health | health news | sexual health | men ...
2006-10-18 10:32:12
... st 90 days for its partner in the impotence drug, Cialis. Lilly CEO Sidney Taurel is confident that the move will be a "significant addition to sales in 2007," and will spur earnings growth. Lilly will own 100% of Cialis, whose sales increased by 34% this year.Related links: 'Obvious' Buyout: Lilly Paying $2.1B For Cialis Partner ICOS • Viagra Vs. Cialis • Cialis plots $100 million marketing blitz; Lilly and Icos to focus on drug's 36-hour effectsPotentially impacted stocks and ETFs: Eli Lilly (NYSE: LLY - News), Icos (NASDAQ: ICOS - News) • Co ...
2006-10-18 10:16:06
Eli Lilly buys out Cialis partner IcosThe Associated PressINDIANAPOLIS Eli Lilly and Co. will gain full ownership of the impotence treatment Cialis with a $2.1 billion acquisition of joint venture partner Icos Corp., the companies said Tuesday.Sidney Taurel, Lilly's chairman and chief executive, said the U.S. market for impotence drugs has grown 10 percent since midyear, and Cialis' market share has grown by a couple of percentage points.Indianapolis-based Lilly and Icos, a Bothell, Wash.-based biotech firm, lau ...
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