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Eli Lilly Profit Weighed Down by Charges

... Last month, Lilly agreed to acquire Hypnion Inc., a closely held neuroscience drug-discovery company that focuses on sleep disorders.

Hypnion is developing a compound, HY10275, which is of interest to Lilly.

The compound is undergoing testing.

-Mike Barris and Josee Rose; 201-938-5658; mike.barris@dowjones.com; josee.rose@dowjones.com (END) Dow Jones Newswires 04-16-07 0713ET Copyright (c) 2007 Dow Jones & Company, Inc.

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Eli Lilly's quarterly net slips; year view boosted

... As quarterly profit slips, Eli Lilly boosts 2007 forecast - MarketWatch GOAdvanced Search > Home News & CommentaryMarketsMutual Funds & ETFsPersonal FinanceTools & ResearchMy MarketWatchVideo News & Commentary Herb Greenberg Columnists Special Reports Blogs Podcasts Industry News TechnologyHealth CareRetailAutomobiles Economy & Politics FedThe Election Newsletters Guru's CornerDirectoryHulbert Financial Digest latest news Eli Lilly's quarterly net slips; year view boosted Print E-mail Disable live quotes RSS Digg it Del.icio.us By Val Brickates Kennedy, MarketWatch Last Update: 8:49 AM ET Apr 16, 2007 BOSTON (MarketWatch) - Eli Lilly & Co.

on Monday reported a 39% decline in first-quarter profit, hurt by acquisition-related charges and costs from a product liability settlement, but the drugmaker raised its financial forecast for 2007.

Indianapolis-based Eli Lilly (LLY : LLYNews , chart , profile , more Last: Delayed quote dataAdd to portfolioAnalyst Create alertInsiderDiscussFinancials Sponsored by:, , ) posted net income of $508.7 million, or 47 cents a share, down from $834.8 million, or 77 cents, earned in the first three months of 2006.

Excluding various items, the company said it would have earned 84 cents a share for this year's quarter.

For the quarter ended March 31, revenue grew by 13.8% to $4.23 billion.

Average forecasts derived in a poll of analysts by Thomson Financial stood at 79 cents a share and $4.12 billion, respectively.

Shares of Eli Lilly moved up 1.7...

Eli Lilly first-quarter net down amid charges; sales up 14%

...Last month, Lilly agreed to acquire Hypnion Inc., a closely held neuroscience drug-discovery company that focuses on sleep disorders.

Hypnion is developing a compound, HY10275, which is of interest to Lilly.

The compound is undergoing testing.

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