Novo Nordisk Launches $99 Insulin Program

0

In the My$99Insulin Program, patients can buy up to three vials or two packs of FlexPen/FlexTouch/PenFill pens of any combination of Novo Nordisk insulins for $99. This requires enrolling at NovoCare.com. Patients will receive a downloadable online card or a card that can be emailed to them, which can be redeemed at their pharmacy with a prescription to purchase insulin. The program is available to all eligible patients whether they have insurance or not.

In March, based on political pressure, Eli Lilly & Co., which manufactures the Humalog brand of insulin, pledged to distribute an authorized generic that could be 50% cheaper than Humalog’s $300 per vial price. Toward the end of the year, however, Senators Elizabeth Warren (D-Mass.) and Richard Blumenthal (D-Conn.), blasted the company after they released a survey of almost 400 pharmacies across the company about the availability of its generic insulin, “Insulin Lispro.” The report, titled, “Inaccessible Insulin: The Broken Promise of Eli Lilly’s Authorized Generic,” concluded that the generic product was widely unavailable and that the company had not taken any meaningful steps to increase the drug’s accessibility and affordability.

Lilly responded by calling the conclusions “nonsense,” and publishing a full-page ad in newspapers on Dec. 19 aimed at increasing awareness about Lispro and free insulin for people struggling to pay for it, as well as discounts on insurance co-payments.

“Some pharmacies have chosen not to carry it,” David Ricks, chief executive officer of Lilly told CNBC at the time. “Why? Because this exposes the underlying economics in our system … which is that the middlemen, both in the supply chain as well as [pharmacy benefit managers]and insurance companies, prefer high-list-priced products with a lot of rebate. This has a lower list price and less rebate.”

Sen. Charles Grassley (R-Iowa), chairman of the Senate Finance Committee, opened an investigation into insulin price increases. The Washington Post reported, “The Trump administration’s approach has been mixed. The Food and Drug Administration says it is tweaking rules to increase the likelihood that true generic competition will enter the market, but it is unclear when those efforts will bear fruit.”
Meanwhile, some states are making efforts to make insulin more accessible and affordable. It was reported yesterday that Colorado is the first state to cap insulin prices at $100 per month. That law goes into effect today. The law also has the state’s Attorney General Phil Weiser investigating insulin prices in the state.

Share.

About Author

ISSN: 2454-6968 | Biotech Express Magazine publishes articles in the field of biotechnology and allied sciences in a way that have never been presented earlier. It publishes Editorials, Guest Articles, Reports, Interviews, Current News of Govt. Academics and Business, Research Highlights and Notifications of Events, Jobs, Research Proposals in the field of Biotechnology, Biological Sciences, Life Sciences, Microbiology, Biochemistry, Neurosciences, Genetics, Medical Sciences, BioPharma etc.

Leave A Reply