Eli Lilly offers half-price insulin as politicians pressure it over drug costs
LA TimesEli Lilly will keep selling its Humalog insulin at the existing price, but it will also sell a half-cost “authorized generic” called Insulin Lispro. Drug maker Eli Lilly & Co. will offer a half-price version of its blockbuster insulin, becoming one of the first companies to effectively cut the price of a top-selling drug amid the ongoing U.S. debate over pharmaceutical costs. Although it will continue selling its brand-name version, Humalog, at its existing price, Indianapolis-based Lilly will also sell a half-price “authorized generic” called Insulin Lispro for $137.35 a vial, or $265.20 for a five-pack of injectable pens. Last month, a Senate committee sent letters to Lilly, Novo Nordisk — the world’s biggest maker of insulin — and Sanofi asking the companies how they set insulin prices, and Sanofi CEO Olivier Brandicourt was among the pharma bosses who headed to Washington last month to testify on drug costs.