FDA Expands Eli Lilly’s Jardiance Label to Reduce Cardiovascular Death; Shares Look Undervalued
The FDA expanded the label for Jardiance to include a reduction of cardiovascular death, which will differentiate the drug from other oral diabetes drugs. Based on strong clinical data and the newly expanded indication, we remain confident in our over 30% market share estimate for Jardiance in the SGTL2 class by 2020. Further, our peak Jardiance sales of $4 billion is a key driver of our 11% five-year compound annual growth rate for earnings and why we think the stock is undervalued. Additionall...Eli Lilly and Company discovers, develops, manufactures, and markets products in a single business segment: human pharmaceutical products. The company's human pharmaceutical products include: diabetes and other endocrinology products, immunology products, neuroscience products, oncology products, and other products. The company's diabetes and other endocrinology products include: Baqsimi? and Basaglar?. The company's immunology products include: Olumiant? and Taltz?. The company's neuroscience products include: Cymbalta? and Emgality?. The company's oncology products include: Alimta?, Cyramza?, Erbitux? and Verzenio?. The company's other products include: Cialis?.
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