CLAIM #36875 · Eli Lilly and Company (LLY) · 2024Q2 earnings call · Aug 8, 2024 · due Dec 31, 2024
“For the second half of the year when you don't have the Mounjaro dynamic pricing in the second half will be similar to prior year pricing.”
Gordon Brooks · Interim CFO
In context
“nly question that I have here is, what are you seeing from an ASP perspective? And do you see this as kind of a natural evolution of this market as competition emergence as we saw with Ozempic historically and Trulicity in 2019? Thanks so much. Joe Fletcher : Thanks, Seamus. I think I'll go to Gordon. Do you want to touch on that, or Patrick? Gordon Brooks: Sure. I'll hang -- with that. Seamus, thanks for the question. Yes. So just on price streams, initial favorability in the first half of the year was driven by Mounjaro. That goes away in the second half of the year as the co-pay program moves out of the base period. In terms of pricing, we see stable pricing sequentially across quarters in '24. So, nothing unusual, Q1 to Q2 and our guidance Q3 and Q4 continue stable sequential pricing. For the second half of the year when you don't have the Mounjaro dynamic pricing in the second half will be similar to prior year pricing. So those are kind of the dynamics we see in pricing. Operator: The next question will be from Terence Flynn from Morgan Stanley. Terence your line is live. Terence Flynn: Great. Thanks for taking my question. Congrats on all the progress on the manufacturing. Maybe just a two-part for me on that one. Just wondering if you're unit guidance for the at least 1.5-fold increase in sellable doses include the Zepbound bound star vials that you're rolling out in the U.S. or if that's a potential driver of upside? And then as we think about RTP, I know you continue to make progress there. The scripts suggests you're at about 1/3 of the way through the ramp to peak. But this inventory restock that you talked about today suggests maybe more of a meaningful step-up. So just can you quantify for us wh”
Verify independently
SEC filings for LLY ↗ · Claim quote is verbatim from the 2024Q2 earnings call.