CLAIM #36885 · Eli Lilly and Company (LLY) · 2024Q2 earnings call · Aug 8, 2024 · due Dec 31, 2024
“So, I think we'll continue to see because there's not an abundance of supply. It's more of a real-time fulfillment situation, patients going to pharmacy counters and being told to wait a few days while their orders filled.”
David Ricks · CEO
In context
“age seems to imply Lilly is meeting demand. I assume you will say that that's not the case, but the definition at least in black and white is quite clear. I assume this is FDA's determination. So, does Lilly agree with FDA's conclusion? How is demand being met? How is demand being measured? And what does demand look like? Dave Ricks : Yes. Thanks for the important question. As we think about the compounding question is important as well. As we've said earlier, we're available in all dosage forms in the U.S. What that means is, as you know, we can fill orders as they receive versus what we're doing. That does not mean that any pharmacy or certainly every pharmacy has all 12 dosage forms sitting on their shelf. That's infeasible economically probably for a lot of them and even logistically. So, I think we'll continue to see because there's not an abundance of supply. It's more of a real-time fulfillment situation, patients going to pharmacy counters and being told to wait a few days while their orders filled. But product is flowing and it's flowing at a pretty high rate. We're shipping part of it, and you can see that in these results from the quarter. So, files will add to that picture, but demand will increase as well. So, I think we're doing well given the situation. But the end pharmacy experience will continue to be choppy. We point that out to the FDA. So that means people may call and say, I couldn't get what I want on the moment I wanted it at the pharmacy I choose to. That's not the definition that we think applies here. So, we'll continue to with channel partners and the agency to try to clear up the confusion and improve the consumer experience, which is our responsibility along with theirs. Operator: Last question today will be from Louise Chen from Cantor. Louise your line is live”
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SEC filings for LLY ↗ · Claim quote is verbatim from the 2024Q2 earnings call.