Contribute Try STAT+ Today

Several months ago, Eli Lilly (LLY) launched a new version of its Humalog insulin at half of the list price, a move the company claimed would help lower costs for people with diabetes and blunt criticism of its pricing. But a new survey by a pair of lawmakers finds the new version is often out of stock at pharmacies, many of which were unaware the product was available.

The findings prompted renewed criticism of the drug maker for failing to take steps to ensure its strategy would lower costs for consumers. Although prescription drug prices are a hot-button issue across the U.S., the cost of insulin has been a flashpoint amid mounting reports of people driving to Canada to purchase the medicine or others who engage in rationing, sometimes leading to death.

Unlock this article by subscribing to STAT+ and enjoy your first 30 days free!

GET STARTED

What is it?

STAT+ is STAT's premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond.

What's included?

  • Daily reporting and analysis
  • The most comprehensive industry coverage from a powerhouse team of reporters
  • Subscriber-only newsletters
  • Daily newsletters to brief you on the most important industry news of the day
  • STAT+ Conversations
  • Weekly opportunities to engage with our reporters and leading industry experts in live video conversations
  • Exclusive industry events
  • Premium access to subscriber-only networking events around the country
  • The best reporters in the industry
  • The most trusted and well-connected newsroom in the health care industry
  • And much more
  • Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr.
  • @Observer079 – The other project was for AMGEN and those two totaled closer to $4 Billion USD at the time. As I recall the chatter, they represented a 300% overbuild of production capacity. The need to amortize costs like that does explain (in principle, at least) why certain products cost much more than “a few pennies” to produce. We’ll see how the current debate shreds out.

  • One vaguely remembers that Abbotts’ initiative to build the D2E7 plant circa 2003, was called “the little project,” in comparison to the Lilly Caribe Humalog project, along with one other one that escapes me. Why would one remember D2E7? You will better know it as “Humira.”

Comments are closed.