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The Readout Loud
337: Eli Lilly CEO on Trump, obesity drugs, and a guidance miss
Jan 15, 2025
Dave Ricks, CEO of Eli Lilly, shares insights from the J.P. Morgan Healthcare Conference. He discusses the challenges of pricing and accessing GLP-1 obesity medications, despite high demand. Ricks delves into the implications of the Inflation Reduction Act on drug pricing and regulatory hurdles. He emphasizes the importance of business relationships with the incoming Trump administration and aims for Eli Lilly to reach a trillion-dollar valuation in healthcare. The conversation also touches on significant biotech M&A activities and the evolving landscape of drug development.
58:47
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Quick takeaways
- Eli Lilly's fourth-quarter guidance reflects lower-than-anticipated sales for key drugs, prompting a reassessment of growth expectations amidst market fluctuations.
- Dave Ricks highlights the challenges posed by compounded medications and advocates for broader insurance coverage and safety in obesity treatment solutions.
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Voices at the JPMorgan Conference
The podcast features a lively discussion from the JPMorgan Healthcare Conference, where the hosts introduce special guest Dave Ricks, CEO of Eli Lilly. They discuss the excitement surrounding the event, emphasizing the participation of thousands of attendees and highlighting the unique opportunity to engage with key figures in the biotech industry. The hosts convey the buzz in the air as they recount their experiences and shots of audiences cheering enthusiastically for the guest speakers. This setting serves as a backdrop for exploring pressing topics within the biotech realm.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode