With several insulin patents nearing their expiration dates, California is looking to disrupt that market by making its own insulin and selling it for a much cheaper price.
"Nothing epitomizes market failures more than the cost of insulin," Newsom said in a video posted to his Twitter account. "California is now taking matters into our own hands."
Meanwhile, about 7 million people in the United States require insulin to manage their diabetes. The human body converts most of the food we eat into sugar. The pancreas then produces insulin, which converts that sugar into energy. People who have diabetes don't produce enough insulin. People with Type 1 diabetes must take insulin every day to survive.
It's that system that has kept the cost of insulin much higher in the United States than other countries, as more companies benefit from the higher price tag, said Kasia Lipska, an associate professor at the Yale School of Medicine.California will try to break that incentive.
Still, there's no guarantee California's plan will work. For one thing, insurers and pharmacy benefit managers might not cover California's insulin products, making it more difficult for patients to get them.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
California aims to make its own insulin brand to lower priceCalifornia plans to make its own insulin.
Lire la suite »
California aims to make its own insulin brand to lower priceCalifornia plans to make its own insulin
Lire la suite »
California aims to make its own insulin brand to lower priceA vial of insulin cost $25 in 1995, back when Chris Noble was 5 years old and just learning how to manage his Type 1 diabetes with the help of his parents and his doctors. Nearly three decades later, Noble says that same vial of insulin costs more than $300 — a 12-fold increase for something he and millions like him can’t live without. “It’s as essential as water,” Noble said.
Lire la suite »
Tiffany Launches a New Social Impact Platform to Foster Diversity and Inclusion in the Jewelry IndustryTiffany Atrium comprises a range of initiatives aimed at making the business more equitable.
Lire la suite »
Amazon has the 2021 Motorola Edge on sale at a lower than Prime Day priceAmazon's Prime Day 2022 festival might be decidedly in the rearview mirror, but the deals keep on coming, with the Motorola Edge (2021) fetching a lower than ever price right now.
Lire la suite »
Inflation taking a bite out of restaurant owner's bank accounts across the USOne Nashville restaurant owner shares inflation troubles and says he had to raise prices and then lower them just to make ends meet.
Lire la suite »