Eli Lilly Patient Finder Suitability Analysis (v2)

Ada Health - Patient Finder Business Development
Analysis Date: March 11, 2026 | Analyst: Ada Cockpit Research Team

🚨 CRITICAL v2 UPDATE

v1 completely missed Zepbound for Obstructive Sleep Apnea (OSA), FDA-approved December 2024. OSA has 80% undiagnosed rate and 7-20 year diagnostic delay - this is a TIER 1 MEGA-OPPORTUNITY worth $240M at 5% capture in the USA alone.

Portfolio Opportunity Summary

Approved Drugs (5% capture)
$517.8M/year
Pipeline Drugs (future)
$392-537M/year
Combined Potential
$910M-$1.05B/year

Executive Summary - Approved Drugs

Drug Indication Tier Fit Score Addressable Undiagnosed (USA) Ada Revenue Opportunity (5% capture, USA)
Zepbound Obstructive Sleep Apnea with obesity TIER 1 9.5/10 6,400,000 $240.0M/year
Kisunla Early Alzheimer's Disease TIER 1 9.5/10 1,200,000 $72.0M/year
Mounjaro Type 2 Diabetes TIER 1 7.5/10 2,000,000 $85.0M/year
Retevmo RET+ Cancers (NSCLC, MTC) TIER 1 7.0/10 1,700 $1.4M/year
Taltz Psoriasis & Axial Spondyloarthritis TIER 2 6.5/10 162,000 $44.6M/year
Verzenio HR+/HER2- Breast Cancer TIER 2 4.5/10 18,000 $5.4M/year
Emgality Migraine Prevention TIER 3 6.5/10 1,500,000 $41.3M/year
Olumiant RA & Alopecia Areata TIER 3 6.0/10 105,000 $13.1M/year
Ebglyss Atopic Dermatitis TIER 3 6.0/10 270,000 $40.5M/year
Omvoh UC + Crohn's Disease TIER 3 4.5/10 Minimal (2nd-line) Minimal
Jaypirca CLL/MCL post-BTK inhibitor NOT SUITABLE N/A 0 (3rd-line) $0

Pipeline Opportunities (Trial Finder + Future In-Market)

Drug Indication Status Addressable Undiagnosed (USA, future) Future Ada Revenue (5% capture)
Orforglipron T2D & Obesity (oral GLP-1) Phase 3 Complete, NDA Filed Same as Mounjaro: 2M (T2D) $85M+/year
Tirzepatide MASH MASH/NASH Phase 2 Complete 14,000,000 (95-98% undiagnosed) $127-212M/year
Retatrutide Obesity (triple agonist) Phase 3 Ongoing Same as Zepbound obesity: ~40M TBD
Donanemab Prevention Preclinical AD (prevention) Phase 3 Ongoing 30-40M (3x current) $180-240M/year

Peak Revenue Forecasts (Pipeline)

Tier 1 Drug Profiles (Top Priorities)

1. ZEPBOUND (Tirzepatide) - Obstructive Sleep Apnea 🏆 #1 PRIORITY

FDA Approval (OSA): December 20, 2024 - First medication approved for OSA
Underdiagnosis Rate: 80% (only 6M of 30M diagnosed)
Diagnostic Delay: 7-20 years from symptom onset to diagnosis
USA Prevalence: 80-84 million OSA total; 32-40 million moderate-severe
Drug-Addressable Undiagnosed: 6.4 million (moderate-severe OSA with obesity)
Revenue Per Patient: $7,500 net (6-18 month treatment to remission)
Patient Finder Fee: $750/patient
Ada Revenue (5% capture, USA): $240.0M
Ada Surface Ability: 9/10 - Snoring, witnessed apneas, daytime sleepiness highly identifiable
Company Motivation: 10/10 - First OSA drug, patient finding IS the opportunity
2025 Revenue: $13.5B (combined obesity + OSA)

Pitch Hook:

"67 million Americans have undiagnosed obstructive sleep apnea. They suffer for 7-20 years before diagnosis - falling asleep at work, morning headaches, relationship stress from snoring. Ada identifies the symptom pattern (snoring + witnessed apneas + daytime sleepiness) and navigates to sleep study and Zepbound. At 1% capture, that's $48M in Zepbound revenue. At 5%, $240M. This is your only drug-approved OSA solution, and finding patients IS your OSA market opportunity."

2. KISUNLA (Donanemab) - Early Alzheimer's Disease 🏆 #2 PRIORITY

FDA Approval: July 2024
Underdiagnosis Rate: 60-70%
Diagnostic Delay: 7-10 years
USA Prevalence: 11.4 million early-stage AD (MCI + mild dementia)
Drug-Addressable Undiagnosed: 1.2 million
Revenue Per Patient: $12,000 net (6-18 month treatment, finite)
Patient Finder Fee: $1,200/patient
Ada Revenue (5% capture, USA): $72.0M
Ada Surface Ability: 9/10 - Memory complaints, cognitive symptoms highly identifiable
Company Motivation: 10/10 - Diagnosis IS the #1 barrier to Kisunla adoption
Peak Revenue: $2.3B by 2033

Pitch Hook:

"7.4 million Americans have early Alzheimer's disease but don't know it. Average diagnostic delay: 7-10 years. Ada identifies memory complaints and cognitive symptoms, navigates to screening and biomarker testing, and finds Kisunla candidates. At 1% capture, that's $14M in Kisunla revenue. At 5%, $72M. Diagnosis is your #1 barrier. We remove it."

3. MOUNJARO (Tirzepatide) - Type 2 Diabetes 🏆 #3 PRIORITY

Underdiagnosis Rate: 24.2%
Diagnostic Delay: 7-10 years
USA Undiagnosed T2D: 10.2 million total; 2.0 million drug-addressable
Ada Revenue (5% capture, USA): $85.0M/year
Ada Surface Ability: 6/10 - Symptomatic cases identifiable, but many asymptomatic
Company Motivation: 9/10 - Very high (LillyDirect, DTC, patient identification focus)
2025 Revenue: $23.0B (+109% YoY)

4. RETEVMO (Selpercatinib) - RET+ Cancers 🏆 #4 PRIORITY

Indication: RET fusion-positive NSCLC and medullary thyroid cancer
Drug-Addressable Undiagnosed: 1,700 (USA) - patients with cancer but unknown RET status
Revenue Per Patient: $170,000/year net
Patient Finder Fee: $17,000/patient
Ada Revenue (5% capture, USA): $1.4M/year
Value Proposition: High value per patient; rare disease strategic focus; biomarker testing driver

Label Expansions Identified

Strategic Recommendations

Immediate Tier 1 Priorities (In Order):

  1. ZEPBOUND FOR OSA - #1 PRIORITY
    • 6.4M drug-addressable undiagnosed in USA, 80% undiagnosed rate, 7-20 year delay
    • First drug approved for OSA - monopoly position
    • $240M at 5% capture (USA alone)
    • Action: Lead with this in all Lilly conversations
  2. KISUNLA (Alzheimer's) - #2 PRIORITY
    • 7.4M undiagnosed, 7-10 year delay, diagnosis IS the barrier
    • $72M at 5% capture (USA)
    • Action: Position as "we solve your #1 barrier to Kisunla adoption"
  3. MOUNJARO (Diabetes) - #3 PRIORITY
    • 10.2M undiagnosed, massive market
    • $85M at 5% capture (USA)
    • Action: Combine with risk-based assessment (not just symptoms)
  4. RETEVMO (RET+ Cancers) - #4 PRIORITY
    • High value per patient ($17K fee), rare disease focus
    • Action: Position as biomarker testing driver + symptom finding

Pipeline Positioning:

Trial Finder (2025-2026):

Future In-Market Finder (2027+):

Pitch Strategy

Opening Hook:

"Lilly just approved the first drug for obstructive sleep apnea. 67 million Americans have it, 80% undiagnosed, suffering 7-20 years before diagnosis. We find them. That's $240M in Zepbound revenue at just 5% capture. Then we do the same for your 7.4 million undiagnosed Alzheimer's patients, your 10 million undiagnosed diabetics, and your entire portfolio. This isn't marketing - this is market expansion."

Tier 1 Bundle Pitch:

"Four drugs, $400M opportunity: Zepbound OSA, Kisunla, Mounjaro, and Retevmo. All have massive underdiagnosis. All have long diagnostic delays. All have symptoms or risk factors Ada can identify. We navigate patients from symptoms to diagnosis to your therapies. 8-12% of revenue per patient found. No upfront cost. Pay for performance."

Pipeline Future Value:

"This partnership grows with your pipeline. Orforglipron launches 2026 - same 10M undiagnosed diabetics. Tirzepatide for MASH - 14M undiagnosed, 95% underdiagnosis rate. Donanemab prevention - triples your Alzheimer's addressable market. We're not a vendor. We're your long-term patient-finding engine."

v2 Changes from v1

  1. Added Zepbound for OSA (CRITICAL - Tier 1, $240M opportunity)
  2. Added pipeline drugs (orforglipron, tirzepatide MASH, retatrutide, donanemab prevention)
  3. Added Omvoh Crohn's disease label expansion (Jan 2025)
  4. Updated all revenue figures to 2025 actual data
  5. Updated patent expiries with latest data
  6. Corrected underdiagnosis rates with latest research (e.g., MASH 95-98%)
  7. Added comprehensive OSA diagnostic delay data (7-20 years)
  8. Added MASH prevalence and underdiagnosis analysis
  9. Restructured to prioritize Zepbound OSA as #1 opportunity
  10. Added Trial Finder opportunities for Phase 3 pipeline