Dave Ricks, CEO of Eli Lilly, explains why counterfeit and gray market alternatives for GLP-1 drugs have gained traction in the US compared to other pharmaceuticals.
“We're not used to it in the United States. Because we, one, have a, for most people, a pretty good system to subsidize some of the benefit via the insurance markets, so there's not a lot of incentive to go outside the system. That's different for these drugs, because insurance quality is poor.”
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Opinion
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“We can talk about venture and biotech in a second because it's totally broken.”
Dave RicksSep 29, 2025▶ 11:32Inside the GLP-1 Gold Rush: Eli Lilly CEO on New Breakthroughs, Addiction & Mental Health, Pricing
Opinion
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PredictionNot checkable as stated
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AssertionSupported
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“And then terzepatide, which you asked how much money we're making, but in, actually in Q-two, we reported global sales, which surpassed Keytruda to becoming the best-selling drug in the world, actually the best-selling drug in the world of all time.”
Dave RicksSep 29, 2025▶ 3:11Inside the GLP-1 Gold Rush: Eli Lilly CEO on New Breakthroughs, Addiction & Mental Health, Pricing
PredictionNot checkable as stated
Dave Ricks: Competitors cannot match our manufacturing scale without Chinese state backing
“And unless some Chinese state-owned enterprise gets in this business, it'll be very hard for others to build that out and follow.”
Dave RicksSep 29, 2025▶ 12:17Inside the GLP-1 Gold Rush: Eli Lilly CEO on New Breakthroughs, Addiction & Mental Health, Pricing
AssertionNot checkable as stated
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“China's getting very good at patent hacking. So what they do is they look at that chemical structure. They work backwards, sometimes driven by AI. Algorithms define chemical structures that will behave similarly, but are outside the patent scope, and they go f…”
Dave RicksSep 29, 2025▶ 15:12Inside the GLP-1 Gold Rush: Eli Lilly CEO on New Breakthroughs, Addiction & Mental Health, Pricing
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