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Lilly profit falls 27 percent, hurt by strong dollar

April 23 (Reuters) - Eli Lilly and Co reported a 27 percent fall in quarterly profit, hurt by a stronger dollar.

The Indianapolis-based drugmaker posted a net profit of $529.5 million, or 50 cents per share, for the first quarter ended March 31, compared with a profit of $727.9 million, or 68 cents per share, a year earlier.

Excluding items, the company earned 87 cents per share.

Revenue fell about 1 percent to $4.64 billion.

(Reporting by Natalie Grover in Bengaluru; Editing by Simon Jennings)

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