STAT Plus: Lilly exec says ‘there are no villains’ in the high-priced insulin market

STAT Plus: Lilly exec says ‘there are no villains’ in the high-priced insulin market

January 16, 2020 Frederick Florin/AFP/Getty Images S everal months ago, Eli Lilly ( LLY ) launched ListPro, an authorized generic version of its Humalog insulin at half price, or $137.35 a vial. The move was designed to defuse anger over the rising cost of insulin because ListPro would be more affordable to the uninsured or those with high-deductible insurance plans, whose copays are, typically, tied to list prices. But last month, a pair of U.S. senators issued a report saying the vast majority of pharmacies failed to offer ListPro and the effort was a bust. Lilly chief executive David Ricks called the findings “ nonsense ,” and argued the real access problem has been with middlemen — the pharmacy benefit managers — that prefer products with higher list prices because these offer higher rebates. We spoke with Mike Mason, who heads the Lilly diabetes business, at the J.P. Morgan Healthcare Conference about the limitations of this program. (The conversation was edited for length). Pharmalot : What was the expectation when you launched the authorized generic?



Also in Industry News

How to decide whether or not to start treatment for prostate cancer?
How to decide whether or not to start treatment for prostate cancer?

0 Comments

How to decide whether or not to start treatment for prostate cancer?

Read More

Analysis of the SARS-CoV-2 proteome via visual tools
Analysis of the SARS-CoV-2 proteome via visual tools

0 Comments

Analysis of the SARS-CoV-2 proteome via visual tools

Read More

$65m investment increases British Patient Capital’s exposure to life sciences and health technology
$65m investment increases British Patient Capital’s exposure to life sciences and health technology

0 Comments

$65m investment increases British Patient Capital’s exposure to life sciences and health technology

Read More