| ▲ | Bank of America spends $250M a year on GLP-1 drugs for its employees(cnbc.com) | |||||||||||||
| 23 points by andrewstetsenko a day ago | 7 comments | ||||||||||||||
| ▲ | exabrial a day ago | parent | next [-] | |||||||||||||
In known expenses, Eli Lilly spent a ~$1.2 billion in research/development, ~$3 billion in manufacturing facilities... Cumulative revenue is estimated ~$65 billion, ongoing expenses isn't a number I can't accurately estimate. It takes a ton of up-front investment to bring drugs to the market, the risk is extreme, and there is no early payout like most investments where revenue scales slowly over time; instead is like 0 returns, then a landslide. One thing is for sure: these drugs are life-changing for people. I'm hoping these extreme revenue numbers clear the path for more investment, a resulting increase in competition, so we can bring prices down in a 2-3 years, and we're talking about something as pedestrian as Ozempic. What will really be wild is when these drug patents expire and the market is flooded with generics. | ||||||||||||||
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| ▲ | great_wubwub 21 hours ago | parent | prev | next [-] | |||||||||||||
If employers don't t want to pay to keep employees healthy they shouldn't tie employees to employer-provided healthcare like indentured servants. | ||||||||||||||
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| ▲ | 20 hours ago | parent | prev [-] | |||||||||||||
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