The decision to cut U.S. list prices for several insulin products comes as political pressure mounts on drug companies to make these life-sustaining diabetes treatments more affordable
as political pressure mounts to make these life-sustaining diabetes treatments more affordable.
Around 8.4 million of the 37 million people in the United States with diabetes use insulin, according to the American Diabetes Association. The Danish drugmaker will reduce the list price of its NovoLog insulin by 75 per cent, and for Novolin and Levemir by 65 per cent. The company said the financial impact of the move was uncertain.
“I think it is a relatively natural consequence of what we have seen their competitor Eli Lilly do. We know there has been political pressure on this issue in general, it is a focus area in the U.S., especially for uninsured patients,” Jyske Markets analyst Henrik Hallengreen Laustsen said.
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