U.S. drugmakers Eli Lilly and Co and Bristol Myers Squibb said they are delaying...
Delaying clinical trials could hurt future revenue for pharmaceutical companies as it lengthens the time it takes for drugs to receive approval and reach the market. It could also hurt patients by limiting their access to experimental treatments being studied.
The Indianapolis-based drugmaker said there will not be any delay in other ongoing late-stage trials. Lilly said it does not anticipate any change to its full-year financial forecast as a result of the coronavirus outbreak. The New York-based drugmaker said it will not initiate any new sites for clinical trials until April 13, noting that the timeframe of the halt could extend further.
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