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.
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