Novo Nordisk Drops Insulin Price In The US By 70%+
Somehow prices are still higher than many other places in the world
Insulin is one of the most amazing medications ever discovered. Prior to the first commercially-produced insulin products, Type 1 diabetes was quite literally a death sentence, and a quick one. When insulin became commonly available in the 1920s, diabetes almost immediately went from a universally fatal terminal diagnosis to a manageable chronic disease. The original patent for insulin production was famously sold for $1 to make the medication more easily available to anyone who might need it.
But since those heady days in the early 1900s, the cost of insulin in the United States has skyrocketed. The cost of a single vial of insulin has gone up in price so much that there is now a technical term — insulin insecurity — used to describe the life-or-death situation that people with diabetes find themselves in regularly in the US.
Because of these shockingly high insulin prices, there has been a huge movement to reduce them across the US. Those efforts appear to be bearing fruit — today, Novo Nordisk, the Danish pharmaceutical giant…
