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Biotech / Medical : Eli Lilly
LLY 884.54+2.9%Apr 25 9:30 AM EDT
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From: Moonray5/4/2021 3:30:51 PM
   of 634
 
Lilly Announces Global Donations of COVID Treatments
By Wes Mills, May 4th 2021

INDIANAPOLIS - Indianapolis-based Eli Lilly and Co. (NYSE: LLY)
says it will donate an unspecified amount of its COVID-19 therapies
to low and lower-middle-income countries most heavily affected by
the pandemic. The company says it will donate both baricitinib as
well as its cocktail prescription of bamlanivimab and etesevimab,
which provides options to treat COVID-19 patients at different stages
of the disease.

The announcement comes as the company also says it will provide
400,000 doses of baricitinib to the Indian government for COVID-19
patients who are hospitalized.

The World Health Organization reported Tuesday that India recorded
nearly 360,000 new cases of the disease over the past 24 hours

Lilly Chairman and Chief Executive Officer David Ricks says even
as the world makes progress on vaccine rollouts, it remains vital for
treatments to be made available.

“Bamlanivimab with etesevimab together reduces the risk of hos-
pitalizations and death for high-risk patients in the outpatient setting,
while recent data show baricitinib in addition to current standard of
care reduces death in hospitalized patients,” said Ricks.

Lilly says it will work with global humanitarian nonprofit Direct Relief
to allocate the treatments. The initiative will begin immediately.

The company says the allocation will be based on the disease burden
and hospitalization rates in each country.

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