Eli Lilly's Diabetes Play

I was an investor in Eli Lilly & Co. (LLY) throughout many of the Obama years.  My stock profit from the company amounted to more than $10,000.  However, shortly before Trump's 2016 victory, I sold my stock and moved on to other endeavors.  I want to take the opportunity in this blog to announce that I have reinvested in the company.  I will be posting my ideas in the blog: "Lilly Fuel", which I hadn't written in since 2014.

One of the reasons I abandoned my Eli Lilly investment in 2016 was a philosophical one.  You see, Eli Lilly is an extremely generous company.  While I have benefited enormously over the years when I moved on from being a full price, self-pay customer for 5 years, to having an unofficial agreement of accepting samples in exchange for my dedication to spend half, or more, of my non-working, non-sleeping time being an advocate and blogger for Eli Lilly & Co. (LLY), I often had the nagging guilt that Lilly's element of altruism was holding me back financially.

Well, that being said. I want to take the time to applaud Eli Lilly & Co. (LLY) for a very morally, self-interested move.  Since I have been deeply involved with the company, Lilly has evolved more and more into a diabetes business.  While I'm not very knowledgeable of that disease, the company markets 5 major diabetes brands.  And, Eli Lilly is in fact one of the biggest insulin producers in the world.

So now, in the spirit of profitability, Eli Lilly & Co. (LLY) has lowered many of their diabetes prescriptions to $35 per month.  COVID 19 unemployment has devastated so many diabetics financially that I see it as a customer loyalty move.  Its simple economics.  With so many individuals out of work, their personal money supply had decreased, thus, unless Lilly's price is scaled back, demand for Lilly's products will be reduced.

The other philosophical stand by Eli Lilly & Co. (LLY) that is highly virtuous I quote from a Reuters press release:

"...patients with government insurance such as Medicaid, Medicare, Medicare Part D or any State Patient or Pharmaceutical Assistance Program are not eligible..."

Paul Wharton

Special thanks to Eli Lilly & Co. (LLY) for inventing the fuel of my mind