California Gets Into The Pharmaceutical Business

State announces new 10-year partnership with nonprofit drug manufacturer

  • California Governor Gavin Newsom announced a new joint effort with nonprofit drug manufacturer Civica Rx to manufacture affordable, state-branded insulin.
  • Newsom said a 10-milliliter vial could be purchased for $30.
  • Recently, manufacturers of insulin have announced their intent to slash prices for millions of Americans.
  • Novo Nordisk plans to reduce its insulin prices by as much as 75 percent in 2024 and Eli Lilly said it will immediately cap out-of-pocket costs for insulin at $35.