Sanofi Becomes 3rd Insulin Maker to Announce Price Cap

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Sanofi Becomes 3rd Insulin Maker to Announce Price Cap
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Sanofi announced that it will cut the list price of its U.S. insulin drug, Lantus, by 78% and will cap the cost of the drug at $35 per month for people with private insurance, making it the third major insulin provider to cut costs for consumers.

, the company also said it will cut the list price of its short-acting insulin Apidra by 70%. Sanofi offers uninsured Americans a $35 insulin cap through its Valyou Savings Program.Health advocates have long urged pharmaceutical companies to reduce the cost of insulin, which is relatively inexpensive to manufacture. The companies acted after the Inflation Reduction Act capped Medicare copays for insulin at $35 per month.

. “Sanofi is the latest company to recognize that charging hundreds of dollars for insulin that costs $10 to produce is just wrong, especially when the lives of so many children, parents, and grandparents depend on it.”more than 37 million Americans are living with diabetes and 8.4 million of them rely on insulin to survive. The drug helps regulate blood sugar in people who have type 1 and type 2 diabetes.

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