Sanofi cuts insulin worth; Califf criticizes insurers

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Following the lead of its rivals, Sanofi will reduce the value of its most generally prescribed insulin within the U.S. by 78% and in addition place a $35 cap on out-of-pocket prices for commercially insured sufferers who take the remedy, which known as Lantus, STAT writes. The change comes after Eli Lilly after which Novo Nordisk introduced plans earlier this month to scale back listing costs for a few of their very own insulin merchandise by comparable quantities. The three firms are the biggest producers of insulin and collectively maintain a dominant 80% share of the market. However their continuous lock-step worth hikes through the years have generated intense criticism.

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