Gov. Gavin Newsom said he hoped California's emergence as an insulin maker would prompt prices to collapse. Research has shown that prices for the drug have more than tripled in the past couple of decades.
The state of California and a generic drug manufacturer announced a 10-year partnership Saturday to produce affordable, state-branded insulin.The state of California and a generic drug manufacturer announced a 10-year partnership Saturday to produce affordable, state-branded insulin that they hope will rival longtime producers and push down prices for a medication used by millions of Americans.
"We are intent to make this about market disruption," Newsom said at a ceremony announcing the pact at a pharmaceutical warehouse near Los Angeles. He called it "a game changer" for 8 million Americans who use insulin to treat diabetes. Anthony Wright, executive director of Health Access California, a statewide consumer health care advocacy group, welcomed Newsom's announcement, saying efforts by California and others to develop a competing generic are likely a factor in getting insulin manufacturers to cut their prices."The work to develop a generic, get FDA approval and set up manufacturing will take real time," Wright said in an email.
Even with the challenges of entering a competitive, established market, Newsom said taxpayers would have "very ample protections."
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