The Prof G Pod with Scott Galloway

Podbit · The Prof G Pod with Scott Galloway

Why People Are Losing Faith in Healthcare

Explore episode Jun 4, 2026

Where this was said

Eli Lilly at 150: Origin Story and Reinvention

At 5:48 · chapter starts 4:55

Ricks opens with a story that feels almost mythic in a modern context: Eli Lilly was the fifth company its founder tried to start — the first four failed. A Civil War colonel who witnessed the horrors of battlefield infections and negligent medical care, he resolved to do something new. His first act was radical for 1876: list every ingredient on every medicine bottle, then sign it himself. His first hire was a scientist. This founding commitment to transparency and quality predated the FDA by decades and planted the seed of what Lilly would become. Ricks notes that every product the company has ever made eventually goes off-patent and drops to zero — forcing a culture of perpetual reinvention. GLP-1s, he suggests, are simply the latest chapter in that long story.

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