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Katie Greifeld

๐Ÿ‘ค Speaker
338 total appearances

Appearances Over Time

Podcast Appearances

Bloomberg Talks
Eli Lilly CFO Lucas Montarce Talks Weight Loss Pill, Business Outlook

All right.

Bloomberg Talks
Eli Lilly CFO Lucas Montarce Talks Weight Loss Pill, Business Outlook

Well, we're almost in the second quarter, so we'll keep looking for updates there.

Bloomberg Talks
Eli Lilly CFO Lucas Montarce Talks Weight Loss Pill, Business Outlook

I want to talk about pricing as well, because you take a look at this headline.

Bloomberg Talks
Eli Lilly CFO Lucas Montarce Talks Weight Loss Pill, Business Outlook

You see global pricing declines in the low to mid teens.

Bloomberg Talks
Eli Lilly CFO Lucas Montarce Talks Weight Loss Pill, Business Outlook

This caught my eye because, of course, Novo Nordisk came out with that early release yesterday.

Bloomberg Talks
Eli Lilly CFO Lucas Montarce Talks Weight Loss Pill, Business Outlook

And then they said on their earnings call this morning that they're facing unprecedented pricing pressure this year.

Bloomberg Talks
Eli Lilly CFO Lucas Montarce Talks Weight Loss Pill, Business Outlook

So talk us through that, what that means for Eli Lilly and how you plan to make that up.

Bloomberg Talks
Eli Lilly CFO Lucas Montarce Talks Weight Loss Pill, Business Outlook

Well, the dynamic is really interesting between pricing and volume.

Bloomberg Talks
Eli Lilly CFO Lucas Montarce Talks Weight Loss Pill, Business Outlook

Another line in your earnings release that caught my eye was that you take a look at U.S.

Bloomberg Talks
Eli Lilly CFO Lucas Montarce Talks Weight Loss Pill, Business Outlook

revenue.

Bloomberg Talks
Eli Lilly CFO Lucas Montarce Talks Weight Loss Pill, Business Outlook

It increased 43 percent.

Bloomberg Talks
Eli Lilly CFO Lucas Montarce Talks Weight Loss Pill, Business Outlook

That was driven by a 50 percent increase in volume, but it was partially offset by that 7 percent decrease due to those lower realized prices.

Bloomberg Talks
Eli Lilly CFO Lucas Montarce Talks Weight Loss Pill, Business Outlook

So is the hope that, you know, you think about some of the things in the pipeline, the pill being one of them, is the hope that that's going to help expand the market and thus expand volume as you see that price erosion?

Bloomberg Talks
Eli Lilly CFO Lucas Montarce Talks Weight Loss Pill, Business Outlook

And you touched on this a little bit, Lucas, but I do want to talk a little bit more about MFN pricing there.

Bloomberg Talks
Eli Lilly CFO Lucas Montarce Talks Weight Loss Pill, Business Outlook

What impact would you expect that to have on your weight loss sales this year?

Bloomberg Talks
Eli Lilly CFO Lucas Montarce Talks Weight Loss Pill, Business Outlook

All right, fair enough.

Bloomberg Talks
Eli Lilly CFO Lucas Montarce Talks Weight Loss Pill, Business Outlook

And I should bring up Medicare access as well, because expanding Medicare access, that is certainly top of mind for investors.

Bloomberg Talks
Eli Lilly CFO Lucas Montarce Talks Weight Loss Pill, Business Outlook

And I'd love to hear from your perspective, how do you see that wider access impacting the market?

Bloomberg Talks
Eli Lilly CFO Lucas Montarce Talks Weight Loss Pill, Business Outlook

And again, when it comes to the pill, would you expect that to be available to Medicare patients at launch?

Bloomberg Talks
Eli Lilly CFO Lucas Montarce Talks Weight Loss Pill, Business Outlook

And Lucas, before I let you go, one thing that has changed since you and I spoke a couple weeks ago back in January is that your ZipBound QuickPen, it actually won approval last month.