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Lilly CEO Calls for Biopharmaceutical Industry Changes and Policies That Encourage Medical Innovation
Date:3/9/2011

nd new medications:  

  • Innovative medicines have proven themselves time and again to be the most effective way to reduce costs and improve quality in health care.
  • Treatments for diseases that remain unconquered, like cancer and Alzheimer's, most likely will come from biopharmaceutical laboratories.
  • There is significant room for improvement in the way we treat chronic diseases such as diabetes.

"We believe that wise investments in health care innovation will be among society's most productive investments in the years ahead, and that medicines represent the most cost-effective approach to preventing and treating disease," Lechleiter said.

Lechleiter pointed to the industry's role in moving innovations forward and the need for change. Specifically, he stressed the need for a research-based pharmaceutical industry that is "more networked, global, and entrepreneurial" to bring innovative medicines to patients faster and at lower costs.

This new approach to research will be successful only within a policy environment that encourages innovation. He pointed to Lilly's work with regulators and policy makers in both Japan and the United States to improve the R&D process; to reduce review times for potential medicines, while ensuring patient safety; to enhance intellectual property protection; and to improve approaches to pharmaceutical pricing.

"A company's ability to pursue innovation – in any field – requires that governments maintain solid protection of intellectual property; a fair, rigorous and transparent system of regulation; and a predictable tax structure that allows us to plan and invest for the future," said Lechleiter.

Lechleiter commended Japan's New Growth Strategy for recognizing the value of innovation in providing health security to an aging society, and for proposing a reduction in the effective corporate tax rate to strengthen the
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SOURCE Eli Lilly and Company
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