October 26, 2021

(Reuters) – Eli Lilly and Co on Tuesday reported an 8% fall in third quarter profit, reflecting higher research and development costs.

Net income fell to $1.11 billion or $1.22 per share, in the quarter ended Sept. 30, from $1.21 billion, or $1.33 per share a year earlier.

(Reporting by Manojna Maddipatla and Mrinalika Roy in Bengaluru; Editing by Tomasz Janowski)

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