Sanofi is cutting the list price of Lantus, its most widely prescribed insulin in the US, by 78% and establishing a $35 monthly cap for those with private insurance, the company announced
The move follows similar ones by Eli Lilly and Novo Nordisk this month. The three companies dominate the global insulin market. Insulin manufacturers have come under increased public and government pressure to lower their prices for more people with diabetes in the wake of the Inflation Reduction Act, which set a $35 cap per insulin prescription per month for Medicare beneficiaries. Sanofi is also cutting the list price of its short-acting Apidra insulin by 70%.
Last year, congressional Democrats passed the Inflation Reduction Act, which reduces Medicare beneficiaries’ out-of-pocket cost for insulin to $35 per month per prescription starting this year. Republicans blocked a measure to extend that price cap to those covered by private insurance. In his State of the Union address last month, Biden called for capping the cost of insulin at $35 a month for all Americans.
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Sanofi to cut US price of its most-prescribed insulin by 78%Sanofi SA said on Thursday it will cut U.S. list prices for its most-prescribed insulin product, Lantus, by 78% starting next year after similar moves by rivals Novo Nordisk and Eli Lilly and Co .
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