Lilly teams up with Egyptian firm for affordable insulin in Africa
US drug major Eli Lilly (NYSE: LLY) has announced a collaboration with Egypt-based EVA Pharma.
The companies are combining with the aim of delivering a sustainable supply of high-quality, affordable human and analog insulin to at least one million people living with type 1 and type 2 diabetes in low- to middle-income countries (LMICs), most of which are in Africa.
In a first for Lilly, the company will supply its active pharmaceutical ingredient (API) for insulin at a significantly reduced price to EVA Pharma.
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