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Lilly triples investment in growing market for diabetes products

Saturday, November 23, 2013

"We're doubling down on insulin, and diabetes," Enrique Conterno, the head of Lilly's diabetes business, said in a telephone interview. The $700 million brings to $1 billion the amount Lilly is spending on insulin manufacturing this year.

The number of diabetics worldwide is projected to grow to 592 million in 2035 from 382 million this year, according to a report released today by the International Diabetes Federation. Those rates are growing rapidly in emerging markets, with 80 percent of diabetics living in low- or middle-income countries, the foundation said."


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  Member Comments About This Blog Post:

BILL60 11/24/2013 9:42AM

    Didn't know that diabetics were growing in such large numbers. Thanks for sharing.

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RUSSELL_40 11/24/2013 12:46AM

    Well, since diabetics are going to die anyways, we should fight over who gets to keep their money..lol. If you die too soon, you might do the unthinkable and pass some on to friends and family, but if they can just keep you alive long enough, they may just be able to get every last dollar you have, before you die.

Profiting from death.. evil?

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WOUBBIE 11/23/2013 11:24PM

    "diabetes is competitive"

Ugh. Just. Ugh.

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