Eli Lilly Exec Says Demand For Incretins Will Outpace Supply Through This Year, Potentially Next Year; Expect That The Supply And Demand Situation Will Remain Quite Tight In The Near Term As Well As The Midterm; Co Will Continue To Invest And Ramp Production Into Next Year; Co Is "Making The Right Investments And Progressing Rapidly" On Ramping Production
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An Eli Lilly executive stated that the demand for incretins will exceed supply for the remainder of this year and possibly into the next year. The supply and demand situation is expected to remain tight in both the near and midterm. Eli Lilly plans to continue investing and increasing production into the next year, with assurances of making the right investments and progressing rapidly in ramping up production.
April 30, 2024 | 3:15 pm
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Eli Lilly's focus on increasing production of incretins amid high demand could signal potential revenue growth, but also highlights supply chain challenges.
The executive's statement indicates a strong demand for Eli Lilly's incretins, suggesting potential revenue growth as the company ramps up production. However, the mention of supply and demand challenges also highlights the importance of monitoring Eli Lilly's ability to meet this demand and manage supply chain issues effectively.
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