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Eli Lilly and Co. paid $300 million last year to acquire the drug and its developer, Avid Radiopharmaceuticals Inc.
Like many drugmakers, Indianapolis-based Lilly faces a wave of patent expirations in coming years that will dramatically shrink its revenue. Its top-selling product, the schizophrenia drug Zyprexa, loses patent protection later this year, exposing more than $4 billion in annual sales to generic competition. The patent on the company's second best-seller, the antidepressant Cymbalta, loses protection in the next few years.
Company shares fell 15 cents to $34.50 in after-hours trading.
[Associated
Press;
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