“Other income and expense is now expected to be in the range of $425 million to $325 million of expense on a reported basis and is unchanged on a non-GAAP basis.”

In context

“oduction 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 activities and while there is a lag to flow-through revenue, we expect to see the impact of these efforts in Q2 and into 2025. Lastly, we also expect new Mounjaro launches internationally to contribute to growing in Q4. Our expected ratio of gross margin less OpEx divided by revenue remains unchanged on both a reported and a non-GAAP basis. Other income and expense is now expected to be in the range of $425 million to $325 million of expense on a reported basis and is unchanged on a non-GAAP basis. We have updated our estimated effective tax rate to be approximately 17%, driven by the impact of non-deductible IPR&D in Q3. EPS is now expected to be in the range of $12.05 to $12.55 on a reported basis and $13.02 to $13.52 on a non-GAAP basis. Both ranges reflect the updated mentioned earlier, as well as acquired IPR&D charges through Q3 of approximately $3.1 billion. Now, I will turn the call over to Dan to highlight our progress on R&D. Dan Skovronsky: Thanks, Lucas. Lilly R&D had another productive quarter. So let me begin by sharing some late-phase updates, including some exciting Phase 3 data that we shared at recent medical congresses. Starting with neuroscience. Yesterday, at the clinical trials in Alzheimer's Disease Conference, we are pleased to share positive results from our”