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Lilly Chairman & CEO Lechleiter Says Innovation Is Vital-But-Missing Plank in Health Reform Debate
Date:5/14/2009

keholders engaged in health reform to ensure that:

  • The value of medicines is evaluated by doctors and patients, who, when properly informed, can choose from the available alternatives a drug that's medically appropriate and best for the individual patient;
  • Innovators get a return on investment that accurately reflects the value of the innovations delivered, thus encouraging investment in new treatments and cures for patients; and
  • Innovators retain ownership, for a reasonable period of time, of their intellectual property, to provide the necessary incentives for risk-taking that leads to innovation.

Such an approach to public policy, he contended, would usher in:

  • An era of "personalized medicine," which would tap the insights of the Human Genome Project and replace the usual one-size-fits-all approach;
  • Market-based health reforms, including access to insurance for all Americans, supported by public subsidies and tax credits rather than a government-run option;
  • Solid comparative effectiveness research that informs on the benefits, risks and costs of various treatment options but that does not trump physician judgment, deny patients access to needed treatments or mandate prices;
  • A 14-year data protection period for biologic drugs, which balances the prospect of a return on investment with a clear path to lower-cost copies. The bipartisan "Pathways for Biosimilars Act" in Congress takes this approach.

Lechleiter spoke as part of the Chamber of Commerce's National Chamber Foundation CEO Leadership Series.

About Lilly

Lilly, a leading innovation-driven corporation, is developing a growing portfolio of first-in-class and best-in-class pharmaceutical products by applying the latest r
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SOURCE Eli Lilly and Company
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