MAAT INDEX

CLAIM #36569 · Eli Lilly and Company (LLY) · 2022Q2 earnings call · Aug 4, 2022 · due Dec 31, 2023

We remain focused on gaining broad open access for Manzaro and expect the full impact of this medicine for patients and our business to be realized over time as that access is achieved.

David Ricks · CEO

CANNOT_DETERMINE
versus commitment · official band 5 percent
Committed
We remain focused on gaining broad open access for Manzaro and expect the full impact of this medicine for patients and our business to be realized over time as that access is achieved.
Reported
This expanded access puts Mounjaro near parity with established injectable Incretins and gives more patients the opportunity to start therapy on Mounjaro for Type 2 diabetes.

In context

AP financial measures. Now, I'll turn the call over to Dave. Dave Ricks: Thanks a lot, Kevin. In Q2, we achieved a number of impactful pipeline milestones, including approval and launch of Mounjaro in the U.S., the FDA submission and acceptance of dononumab as well as pertibrutinib and positive top line results for lebrikizumab and EU and Japan submissions for mirikizumab. This pipeline progress underscores the breadth and depth of our exciting long-term outlook. Perhaps the headline story for Lilly in the second quarter was the launch of Mounjaro in the U.S., where initial uptake has been strong. We're hearing a great deal of enthusiasm from the field and we're excited about the potential for this new medicine to provide A1c and weight loss benefits to adults living with type 2 diabetes. We remain focused on gaining broad open access for Manzaro and expect the full impact of this medicine for patients and our business to be realized over time as that access is achieved. Turning to Q2 financial results and progress on our strategic deliverables, we saw a relatively flat top line performance in constant currency. As strong volume-driven growth for key products like Verzenio, Jardiance and Trulicity was offset by lower prices as well as for Alimta patent expiry in key markets around the world and last year's sale of Cialis rights in China. Volume for this quarter grew a robust 10%. When excluding revenue from Alimta, the sale of Cialis rights in China and COVID-19 antibodies, revenue grew 6% compared to Q2 2021. In Q2, our newer medicines contributed 18% to volume growth and now account for 67% of our core business revenue which we believe, together with our robust pipeline is the most important indicator of the strength and durability of our growth outlook

Verify independently

SEC filings for LLY · Claim quote is verbatim from the 2022Q2 earnings call.