Eli Lilly & Co., facing pressure to curb diabetes-treatment costs, will cut the list prices for its most commonly prescribed insulin products by 70% and take other steps to make it easier for patients to afford the drugs.
The Indianapolis-based company said Wednesday the 70% price cuts will take effect in the fourth quarter for Humalog and Humulin, its two biggest-selling insulin products.
The company also said that on May 1 it would reduce the list price of an unbranded insulin it sells to $25 a vial from $82 a vial, the lowest level for any insulin that diabetes patients take around mealtimes, and less than Lilly's list price for a Humalog vial in 1999. And it plans to improve a program capping patients' outof-pocket costs at $35 a month.
THE WALL STREET JOURNAL.
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