Snapshot · Bloomberg Intelligence
Eli Lilly, founded 150 years ago, is now the most valuable healthcare company in the world, transformed by the success of its GLP-1 weight loss drugs.
Where this was said
At 27:05 · chapter starts 26:20
Madison Muller recounts Eli Lilly's history, its dry spell, and how GLP-1 weight loss drugs transformed it into the world's most valuable healthcare company under CEO Dave Ricks. [1] — Madison Muller "Eli Lilly had a dry spell bad enough to tank its stock and trigger CEO turnover. Then weight loss drugs arrived and transformed it into the…" 27:05
Eli Lilly had a dry spell bad enough to tank its stock and trigger CEO turnover. Then weight loss drugs arrived and transformed it into the world's most valuable healthcare company. The comeback story of the decade in pharma.
When Dave Ricks took over as CEO, Eli Lilly was one of the slowest drug developers in the industry. He mandated speed above all else. The result: tirzepatide went from lab to approval in about 5 years — less than half the old timeline.
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