California is partnering with nonprofit drug manufacturer Civica Rx to create affordable insulin in hopes of bringing financial relief to millions of Americans who need the drug.
California Gov. Gavin Newsom comments on the current high prices of insulin as he announces a partnership with Civica Rx, a nonprofit pharmaceutical company intended to manufacture insulin for the State of California's CalRx Biosimilar Insulin Initia
There are concerns over the state entering the market as some worry competitors will slash their prices and undercut the state-branded insulin or reduce the availability of their drugs.The announcement comes days after major manufacturer Novo Nordisk announced it will cut its insulin prices up to 75% starting in 2024.
Thousands of doses of insulin are warehoused at a Kaiser warehouse in Downey, Calif., on Saturday, March 18, 2023. "The work to develop a generic, get FDA approval and set up manufacturing will take real time," Wright said in an email to The AP. "There may even be more time in the effort to get doctors to prescribe the drug, insurers and to include it on their formularies and patients and the public to accept and ask for it."
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