The Top Line
A look at pharma revenue rankings
Apr 26, 2024
This podcast delves into the annual pharma revenue rankings, highlighting the top 20 companies for 2023 and comparing with 2022. It discusses Johnson's top position, Novo Nordisk and Eli Lilly's growth, Novo Nordisk's exceptional performance with GLP1 drugs, market performance of drugs like Ozempic and Zepbound, revenue projections, and strategic moves within the top 20 list.
10:28
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Quick takeaways
- Novo Nordisk and Eli Lilly showed significant revenue growth outpacing competitors with strong sales figures.
- Johnson & Johnson reclaimed the top spot in pharma revenue rankings, while Pfizer faced a substantial decline due to decreased COVID product sales.
Deep dives
Novo Nordisk and Eli Lilly Lead Top 20 Pharma Companies in Revenue Growth
Novo Nordisk and Eli Lilly have shown remarkable growth in revenue, outperforming other top 20 pharma companies with double-digit increases in sales figures. Novo Nordisk saw a notable rise, climbing five spots to secure the 12th position, surpassing competitors like Takeda and Gilead. The growth was fueled by the success of Ozempic, contributing significantly to their revenue increase. Meanwhile, Eli Lilly exceeded its own projections by achieving a 20% revenue growth, driven by the success of Mungaro and Zepbound in different markets.
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