MAAT INDEX

CLAIM #36854 · Eli Lilly and Company (LLY) · 2024Q1 earnings call · Apr 30, 2024 · due Dec 31, 2024

Think about a construction of a site, for example, Concord in North Carolina, which we said will become operational by end of the year, and we'll start seeing products next year.

Anat Ashkenazi · CFO

PENDING
graded after results covering Dec 31, 2024 are reported

In context

not a number of devices, but number of sellable doses. And as we ramp up capacity for KwikPen, recall that unlike the single-use vial or the auto-injector, that KwikPen is a multidose device that has multiple doses available for patients. That comment referred to the second half of this year versus the second half of last year. So we're expecting that total saleable doses this year in the second half will be at least 1.5x where we were second half of last year. That remains unchanged. But the level of confidence we have in our ability to progress on each node of our capacity that's coming online or will get approved, et cetera, has just increased. There are multiple of these throughout the year. Multiple of these have occurred. Some will occur as -- I gave the KwikPen as one example. Think about a construction of a site, for example, Concord in North Carolina, which we said will become operational by end of the year, and we'll start seeing products next year. That construction has concluded. Lines are installed, and we need to run qualifications, get approval, et cetera. There are multiple nodes of these across our own manufacturing sites as well as external and that they all need to come online to get to where we need in terms of the full year guidance. But our confidence as the year progresses -- as the year has progressed, our confidence in that has increased, but it remains the -- at least 1.5. Joe Fletcher: Thanks, Anat. Great. Well, thanks for your time today, everyone, and we appreciate you participating in today's earnings call and your interest in our company. Please follow up with the IR team if you have any additional questions that we didn't address today, and have a great day. Thanks. Operator: Thank you. And ladies and gentleme

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SEC filings for LLY · Claim quote is verbatim from the 2024Q1 earnings call.