The head of Eli Lilly says one way to lower the costs of prescription drugs is to increase the supply.
Eli Lilly CEO David Ricks made the statement today at a announcement with Indiaan Governor Eric Holcomb.
The two announced Lilly’s plans to more than double its investment at the LEAP Research and Innovation District in Lebanon. The new $5.3 billion expansion brings Lilly’s total LEAP investment to $9 billion and will enhance Lilly’s capacity to manufacture active pharmaceutical ingredients (API) for its latest type 2 diabetes and obesity medicines.
Ricks says current measures to bring down costs won’t work, unless the supply is increased.
You can hear Ricks, along with Governor Holcomb in the Leon-Tailored Audio above.
Part 1 is the chat.
Part 2 is the news conference.
