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Civica Rx, a non-profit generic drug maker backed by hospitals, insurers and philanthropies, announced Thursday that it plans to manufacture and sell insulin for no more than $30 a vial. It is expected to be available as soon as early 2024, pending federal approval.

Insulin, which more than 8 million Americans with diabetes depend on, has been a poster child for the soaring cost of prescription drugs.

Though insulin was discovered more than a century ago and costs little to make, the list price of the brand name products that Civica Rx is targeting is roughly $300 per vial, according to the Gary and Mary West Foundation, which co-founded Civica Rx. The cost has nearly tripled since 2010.

The high cost has led an estimated 1 in every 4 people with diabetes to ration or skip doses, according to a study published in 2019 in the medical journal JAMA Internal Medicine. Patients who are Black, Latino or Native American are disproportionately affected since they are more likely to be uninsured or underinsured.

Who has to pay fully out of pocket for half the year for his insulin until his prescription deductible is met...

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I have a full vial of insulin sitting in my fridge because I was given it by CVS instead of the pens I use. Can't be returned, of course. Expires in 6 months, but I have had it in my fridge for well over a year. As I am in MN, the max anyone pays now for emergency insulin is $35/month.
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