How much is Lilly investing in research and development right now, and how do you justify that level of spend?
Replied byDave Ricks
Chair & CEO at Eli Lilly and Company
Niche: Pharmaceuticals, AI, Health & Wellness
Revenue: $1M+/month
Location: USA
Started: 2015 or
We may spend around $14B in a year and tens of billions over a few years. It sounds extreme, but most ideas fail and winners take a decade. To keep a flow of new medicines you fund large, diverse pipelines through uncertainty and aim them at problems where a breakthrough truly changes lives.
0
From the Full Interview
This answer is part of a full interview with Dave Ricks, Chair & CEO at Eli Lilly and Company.
Share this Answer
Found this insight valuable? Share it with your network to help others learn from Dave Ricks's experience.
Cite This Answer
Use this answer in your research, article, or academic work
Related Answers
What did you learn from the farmers market feedback loops for early flavor testing?
By Allison Ellsworth
Retail
Approx. $42 Million/mo
What role does training play in your company?
By Paul Guyett
Retail
$1M+/mo
How would you describe the actual creative process behind developing a product from an initial spark in your head to getting it on the shelf?
By Ronnie Fieg
Retail
Not Publicly Disclosed./mo
You have described yourself as a footwear guy rather than just a sneaker guy. What is the distinction and why does it matter?
By Ronnie Fieg
Retail
Not Publicly Disclosed./mo
You cover an enormous range of product, from Kith Treats cereal collabs to Giorgio Armani. How do you hold all of that together without the brand feeling fragmented?
By Ronnie Fieg
Retail
Not Publicly Disclosed./mo
Tell me about the move from Broadway and Bleecker to 337 Lafayette. That seems like one of the biggest bets of your career.
By Ronnie Fieg
Retail
Not Publicly Disclosed./mo
You have never taken profits out of the business. How has that decision shaped what Kith has become?
By Ronnie Fieg
Retail
Not Publicly Disclosed./mo