Bank of America spends $250M a year on GLP-1 drugs for its employees
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Re: Bank of America spends $250M a year on GLP-1 drugs for its employees
#2In known expenses, Eli Lilly spent a ~$1.2 billion in research/development, ~$3 billion in manufacturing facilities...
Cumulative revenue is estimated ~$65 billion, ongoing expenses isn't a number I can't accurately estimate.
It takes a ton of up-front investment to bring drugs to the market, the risk is extreme, and there is no early payout like most investments where revenue scales slowly over time; instead is like 0 returns, then a landslide.
One thing is for sure: these drugs are life-changing for people. I'm hoping these extreme revenue numbers clear the path for more investment, a resulting increase in competition, so we can bring prices down in a 2-3 years, and we're talking about something as pedestrian as Ozempic. What will really be wild is when these drug patents expire and the market is flooded with generics.
Re: Bank of America spends $250M a year on GLP-1 drugs for its employees
#3In known expenses, Eli Lilly spent a ~$1.2 billion in research/development, ~$3 billion in manufacturing facilities... Cumulative revenue is estimated ~$65 billion, ongoing expenses isn't a number I can't accurately estimate. It takes a ton of up-front investment to bring drugs to the market, the risk is extreme, and there is no early payout like most investments where revenue scales slowly over time; instead is like…
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Re: Bank of America spends $250M a year on GLP-1 drugs for its employees
#4If employers don't t want to pay to keep employees healthy they shouldn't tie employees to employer-provided healthcare like indentured servants.
Re: Bank of America spends $250M a year on GLP-1 drugs for its employees
#5[deleted]
Re: Bank of America spends $250M a year on GLP-1 drugs for its employees
#6If employers don't t want to pay to keep employees healthy they shouldn't tie employees to employer-provided healthcare like indentured servants.
they do want to pay, they simply want to force less and less on their burden and more and more into their pockets.
What they don't want is universal healthcare. It's like a singularity, you get closer and closer but you can't ever reach the bad part.
Re: Bank of America spends $250M a year on GLP-1 drugs for its employees
#7In known expenses, Eli Lilly spent a ~$1.2 billion in research/development, ~$3 billion in manufacturing facilities... Cumulative revenue is estimated ~$65 billion, ongoing expenses isn't a number I can't accurately estimate. It takes a ton of up-front investment to bring drugs to the market, the risk is extreme, and there is no early payout like most investments where revenue scales slowly over time; instead is like…
Your hope is coming true. There are 15 new drugs in the pipeline. CagriSema, retatrutide, survodutide, amycretin, MariTide (maridebart cafraglutide), PF-08653944 (MET-097i), KAI-7535 (HRS-7535), KAI-4729 (HRS-4729), VK2735, pemvidutide, ecnoglutide, petrelintide, eloralintide, cagrilintide, and monlunabant.
Also, Novo Nordisk’s data exclusivity for semaglutide expired in Canada on January 4, 2026, so people in border states in the US should be able to get that one very cheap soon.
Re: Bank of America spends $250M a year on GLP-1 drugs for its employees
#8If employers don't t want to pay to keep employees healthy they shouldn't tie employees to employer-provided healthcare like indentured servants.
Read before commenting: “Moynihan told CNBC the expense has surged from zero about five years ago, but called it a “good investment.”
Re: Bank of America spends $250M a year on GLP-1 drugs for its employees
#9In known expenses, Eli Lilly spent a ~$1.2 billion in research/development, ~$3 billion in manufacturing facilities... Cumulative revenue is estimated ~$65 billion, ongoing expenses isn't a number I can't accurately estimate. It takes a ton of up-front investment to bring drugs to the market, the risk is extreme, and there is no early payout like most investments where revenue scales slowly over time; instead is like…
Your hope is coming true. There are 15 new drugs in the pipeline. CagriSema, retatrutide, survodutide, amycretin, MariTide (maridebart cafraglutide), PF-08653944 (MET-097i), KAI-7535 (HRS-7535), KAI-4729 (HRS-4729), VK2735, pemvidutide, ecnoglutide, petrelintide, eloralintide, cagrilintide, and monlunabant. Also, Novo Nordisk’s data exclusivity for semaglutide expired in Canada on January 4, 2026, so people in border…
That is an insane amount of competition.