Reuters logo
BRIEF-Lilly says "break-even" novartis animal health products, after being added to lilly elanco unit, showing 19 percent profit margins
December 8, 2015 / 2:37 PM / 2 years ago

BRIEF-Lilly says "break-even" novartis animal health products, after being added to lilly elanco unit, showing 19 percent profit margins

Lilly Says ”Break

* Says expects synergies from purchase of novartis animal health unit to be 50 percent higher than previously expected

* Lilly says expects expanding profit margins on animal health products, helped by brands from recently completed novartis deal

* Lilly says expects to launch 7 new animal health products by early 2017 that will help fuel business growth

* Lilly says synergies from purchase of novartis animal health unit to come sooner than expected; integration going well

* Lilly previously estimated novartis deal would create annl cost savings of about $200 million within 3 years of closing purchase

* even” novartis animal health products, after being added to lilly elanco unit, showing 19 percent profit margins Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below