Lilly CEO to pharma: Stop talking and get going on pricing
SAN FRANCISCO—Merck & Co.’s top executive said Monday that pricing pressure isn’t likely to get worse. But Eli Lilly CEO David Ricks begs to differ.
The industry needs to address the pricing criticism directly or it will face consequences, Ricks said Tuesday at the J.P. Morgan Healthcare Conference. Continually pointing to pharma’s contributions to science—which are many—will wear thin without action on costs, too.