Gross Profit Comparison: Eli Lilly and Company and Travere Therapeutics, Inc. Trends

Eli Lilly's Profit Soars, Travere Faces Challenges

__timestampEli Lilly and CompanyTravere Therapeutics, Inc.
Wednesday, January 1, 20141468310000027632226
Thursday, January 1, 20151492150000097707000
Friday, January 1, 201615567200000129037000
Sunday, January 1, 201716801100000151332000
Monday, January 1, 201816811600000158719000
Tuesday, January 1, 201917598300000170104000
Wednesday, January 1, 202019056500000192195000
Friday, January 1, 202121005600000220706000
Saturday, January 1, 202221911600000204426000
Sunday, January 1, 202327041900000133788000
Monday, January 1, 202436624400001
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Unleashing insights

A Tale of Two Companies: Eli Lilly vs. Travere Therapeutics

In the ever-evolving pharmaceutical industry, the financial health of companies is a key indicator of their market position and potential for innovation. Over the past decade, Eli Lilly and Company has demonstrated a robust growth trajectory, with its gross profit increasing by approximately 84% from 2014 to 2023. This growth reflects its strategic investments and successful product launches. In contrast, Travere Therapeutics, Inc., a smaller player in the industry, has shown a more modest increase in gross profit, peaking in 2021 before experiencing a decline in 2023. This divergence highlights the challenges faced by smaller biotech firms in scaling operations and achieving profitability. As the industry continues to evolve, these trends underscore the importance of strategic planning and innovation in maintaining competitive advantage.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025