California Gets Into The Pharmaceutical Business
State announces new 10-year partnership with nonprofit drug manufacturer
View Source | March 21, 2023 7:22 am
- 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.
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