Lilly says it will cut insulin prices by 70%
Following in the steps of other big insulin producers, US pharma major Eli Lilly (NYSE: LLY) yesterday announced price reductions of 70% for its most commonly prescribed insulins and an expansion of its Insulin Value Program that caps patient out-of-pocket costs at $35 0or less per month.
Lilly is taking these actions to make it easier to access Lilly insulin and help Americans who may have difficulty navigating a complex healthcare system that may keep them from getting affordable insulin.
Specifically, Lilly is reducing the list price of insulins by:
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