Non-profit drug maker will provide insulin for no more than $30 a vial
CNN
Civica Rx, a nonprofit generic drug maker backed by hospitals, insurers and philanthropies, plans to manufacture and sell insulin for no more than $30 a vial. It is expected to be available as soon as early 2024, pending federal approval. Insulin has been a poster child for the soaring cost of prescription drugs.
Insulin, which more than 8 million Americans with diabetes depend on, has been a poster child for the soaring cost of prescription drugs.
Though insulin was discovered more than a century ago and costs little to make, the list price of the brand name products that Civica Rx is targeting is roughly $300 per vial, according to the Gary and Mary West Foundation, which co-founded Civica Rx. The cost has nearly tripled since 2010.
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