The pharmaceutical company will reduce the U.S. list price of Lantus, its most-prescribed insulin, by 78%
anofi will cut the U.S. list price of two of its insulins, making it the third major producer of the diabetes medicine to recently slash prices.
French pharmaceutical maker Sanofi will reduce the U.S. list price of Lantus, its most-prescribed insulin, by 78%, according to a“We are pleased to see others join our efforts to help patients as we now accelerate the transformation of the U.S. insulin market,” said Olivier Bogillot, the head of U.S. general medicines.
These price reductions from the three big insulin players follow increased pressure from lawmakers and advocates, who have raised concerns about affordability for patients. The companies could also stand to see financial benefits next year as a result of the price cuts, due to an upcoming change to how much manufacturers could have to pay Medicaid in rebates.
Novo announced Tuesday that it would cut list prices for NovoLog and NovoLog Mix 70/30 by 75%. The company is also reducing prices for Novolin and Levemir, as well as several unbranded insulins. Lilly, the first to announce price changes earlier this month, will lower Humalog and Humulin prices by 70% and cap out-of-pocket costs at $35.
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