Get all your news in one place.
100's of premium titles.
One app.
Start reading
Al Jazeera
Al Jazeera
Health

US drug maker to slash some insulin prices, expand cost cap

Eli Lilly's CEO says the company is reducing prices because 'it's time and it's the right thing to do' [Pablo Salinas/AP Photo]

United States President Joe Biden has welcomed a move by a major drug manufacturer to significantly cut the price of insulin, a life-saving medication for people suffering from diabetes.

Eli Lilly had said on Wednesday that it will slash prices for some older insulin products later this year and immediately give more patients access to a cap on costs to fill prescriptions.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.