Industry News

Feds Purchases More Doses of Lilly’s COVID-19 Antibody Treatment

In other COVID news, the government purchases 50 million more doses of Pfizer’s COVID-19 vaccine and FDA needs more time to complete Moderna’s EUA request for its vaccine in adolescents.

COVID-19 Vaccine

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By Samantha McGrail

- The US government recently purchased additional doses of Eli Lilly and Company’s combination COVID-19 antibody treatment.

Under the agreement, Eli Lilly and Company will supply 614,000 doses of bamlanivimab and etesevimab no later than January 31, 2022, for a total of $1.29 billion. The company will supply a minimum of 400,000 doses no later than December 31, 2021. Eli Lilly and Company will generate nearly $840 in revenue and approximately 25 cents of additional earnings per share with the new government purchase.

In February, FDA authorized the company's COVID-19 treatment for adult and pediatric patients 12 years of age and older, those at high risk for progressing to severe disease, and those 65 years of age with a chronic condition. And in August, the agency broadened the authorization to allow for treatment without remdesivir.

Feds Purchases Extra Doses of Pfizer, BioNTech COVID-19 Vaccine