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CLAIM #36582 · Eli Lilly and Company (LLY) · 2022Q2 earnings call · Aug 4, 2022 · due Aug 4, 2023

We expect to see this grow over time as we work to launch more innovative medicines like Manzaro.

David Ricks · CEO

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versus commitment · official band 5 percent
Committed
We expect to see this grow over time as we work to launch more innovative medicines like Manzaro.
Reported
these products, coupled with potential upcoming launches, solidify Lilly's strong growth profile through this decade.

In context

ew designation under an accelerated approval pathway. We continue to look forward to the top line results of the Phase III confirmatory study, Trailblazer ALS 2 by mid-2023 which, if positive, will form the basis of our application for traditional regulatory approval. You also noticed we're now referring to N3PG4 by its nonproprietary name Rimtenatak. We plan to initiate the Phase III program for remternatac in the coming weeks. As you can see, Q2 was another productive quarter for pipeline advancement at Lilly. Now, I'll turn the call back to Dave for closing remarks. Dave Ricks: Thanks, Dan. Before we go to Q&A, let me briefly sum up the progress we've made in the second quarter. We're encouraged by the performance of our key growth products which now represent 67% of our core business. We expect to see this grow over time as we work to launch more innovative medicines like Manzaro. Excluding the impact of acquired IP R&D and development milestone charges, we expect to see operating margin expansion from both revenue growth and driving further efficiencies in our business. We saw significant progress in our pipeline this quarter with the approvals of Manzaro in type 2 diabetes and Illumina in alopecia areata. We also saw progress on our next wave of potential growth catalysts with the FDA acceptance of danonumab as well as pertibrutinib and positive top line readout for lebrikizumab and additional submissions for mirikizumab. Finally, we returned $900 million to shareholders via the dividend and share repurchases. Looking to the future, we are confident in our long-term growth prospects as we are focused on developing groundbreaking therapies in areas of significant

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