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CLAIM #36887 · Eli Lilly and Company (LLY) · 2024Q3 earnings call · Oct 30, 2024 · due Dec 31, 2024

We are updating our revenue guidance range to $45.4 billion to $46 billion.

Lucas Montarce · CFO

PENDING
graded after results covering Dec 31, 2024 are reported

In context

ng growth trends leading to sales of over $1.2 billion. We have broad formulary coverage for Zepbound. As of October 1, Zepbound has approximately 87% access in the commercial segment, and we are making ongoing progress expanding our employer opt-ins. We are in the early days of launching single-dose Zepbound vials in the U.S. exclusively through LillyDirect. 2.5 milligram and 5-milligram single-dose vials are currently available to self-pay patient at a 50% or greater discount compared to the list price of other incretin medicines for obesity. This offering helps even more adults living with obesity access Zepbound including Medicare beneficiaries and those without them. Slide 12, we provide an update on capital allocation. On Slide 13, you can see our updated guidance for the full year. We are updating our revenue guidance range to $45.4 billion to $46 billion. The new midpoint range represents approximately 50% growth in Q4 2024 compared to the same quarter last year, demonstrating a continuation of revenue growth acceleration. We are investing heavily in increasing supply of tirzepatide and have been carefully balancing our demand creation activities and launches into new markets with our production to support continuity of care for patients. In Q3, we continued to be prudent scaling up and demand-generation activities. This is the driver for lowering the top end of the range. We continue to expect that we will exceed our goals to increase production of incretin saleable doses by at least 50% in the second half of 2024 compared to the second half of 2023. Now with all the doses of Mounjaro and Zepbound available, we will accelerate demand acti

Verify independently

SEC filings for LLY · Claim quote is verbatim from the 2024Q3 earnings call.