Despite explicit price concessions on Mounjaro and Zepbound (including cash-pay cuts and Medicare Bridge discounts), Lilly is expanding gross margin through manufacturing efficiencies and favorable mix. This suggests unit economics remain robust even as list prices decline.
the thesis · admitted · the reason above is the thesis, not printed twice
no findingread · nothing bore on it
It held on this filing. No finding was written because nothing in it bore on the reason — the sentences it was read against are below.
the evidence · every sentence checkedtwo sentences · whole, uncut
the claims it rests on · in our words, not the filing’s