Drugmaker Eli Lily slashes prices, will offer $35 insulin in U.S. pharmacies
It’s not clear if Eli Lilly will also be cutting prices in Canada. Global News has reached out to Eli Lilly Canada for further comment and clarification.
Eli Lilly, Sanofi and Novo Nordisk make up 90 per cent of the U.S. market for insulin. Representatives for both Sanofi and Novo Nordisk said their companies offer several programs that limit costs for people with and without coverage.Patient advocates have long called for insulin price cuts to help uninsured people who would not be affected by price caps tied to insurance coverage.
She noted that the moves likely won’t affect Lilly much financially because the insulins are older products, and some already face competition.While the US$35 price is only available in pharmacies participating in the company’s insulin value program, Ricks said patients using other pharmacies can receive a rebate through the drugmaker’s website.
Drugmakers may be seeing “the writing on the wall that high prices can’t persist forever,” said Larry Levitt, an executive vice-president with the non-profit Kaiser Family Foundation, which studies health care.
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