Ricks Sees 'Bright Period Ahead' For Lilly

Posted: Updated:
INDIANAPOLIS -

Buoyed by strong first quarter results and a spate of new and expected product launches, Eli Lilly and Co. (NYSE: LLY) Chief Executive Officer Dave Ricks is speaking with optimism about the company's outlook. Lilly raised its full-year 2018 revenue guidance and earnings-per-share expectations after reporting first quarter results that showed profits surging to $1.2 billion. However, Ricks says it's the quality behind the numbers that gives him reason for optimism, noting that nine new products have been launched since the end of 2014, with six more in the pipeline.

"This is the kind of research and development productivity we haven't seen in our history and will be unprecedented for a company our size," said Ricks. "These products will last a long time... I think we've got a bright period ahead."

In an interview for Inside INdiana Business with Gerry Dick, Ricks talked about keys for future success.

Ricks made the remarks after announcing a five-year, $7 million initiative aimed at addressing the high incidence of diabetes in Indiana. Lilly is partnering with the Richard M. Fairbanks School of Public Health at IUPUI on the effort, which will focus on three Indianapolis neighborhoods that Lilly says have significant health disparities and high rates of diabetes. The program builds on similar efforts Lilly has implemented in countries including Mexico, India and South Africa.

  • Perspectives

    • Bond Yield Curve: Indicating Recession?

      The bond market's yield curve is sending us warning signals of an impending recession. What exactly is the yield curve? Is it really an indicator of the health of our economy? Should you care what shape it's in - steep, flat, or inverted? Yes, investors should pay attention! Let's start with the basics...

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Bond Yield Curve: Indicating Recession?

      The bond market's yield curve is sending us warning signals of an impending recession. What exactly is the yield curve? Is it really an indicator of the health of our economy? Should you care what shape it's in - steep, flat, or inverted? Yes, investors should pay attention! Let's start with the basics...

    • Daredevil Brewing Co. was named Grand Champion Brewery of the Year. (photo courtesy Indiana State Fair)

      Indiana Brewers' Cup Winners Announced

      The Indiana State Fair has unveiled the winners of its 20th annual Indiana Brewers' Cup. The competition is split between professional brewers and home brewers, and presents medals for beers in a variety of categories.

    • High Alpha 'Doubling-Down' With $100M in Funding

      Indianapolis-based High Alpha has launched its next phase with a more than $100 million boost from investors. The funds fuel the creation of High Alpha Capital II, an $85 million venture fund, and High Alpha Studio II, a venture studio focused on cloud-based startups that received $16.7 million from San Francisco-based Emergence Capital. The capital raised for the new fund and studio will build on the High Alpha portfolio, which has supported the co-founding of...

    • Reynolds Farm Equipment Earns Major Honor

      Farm Equipment magazine has named Hamilton County-based Reynolds Farm Equipment the 2018 North American Dealer of the Year. It is the first time an Indiana-headquartered equipment dealer has received the honor. The award recognizes the top agricultural equipment dealer in North America based on a variety of performance metrics and a review of transformational initiatives, such as succession, leadership, and performance management.

    • Holcomb says he hopes the state can serve as an example of "fair chance" hiring.

      Holcomb Names Board, Commission Appointees

      Multiple statewide boards and commissions will have new or reappointed members. Governor Eric Holcomb has announced appointments to the Indiana Law Enforcement Training Board, Indiana Uniform Law Commission and Ports Commission. They include...