No insulin price cut coming for Canada despite U.S. slashes, Eli Lilly says
The drug manufacturer, which is one of the largest producers in the world,that it will cut prices for some of its most commonly prescribed insulin products in the United States.
“The affordability situation in Canada is quite different from the United States, but we are committed to working with stakeholders to build solutions to address the coverage gaps that exist in Canada.”Canada has drug price controls in place which are set and reviewed by a body called the Patented Medicines Pricing Review Board. It regulates the pricing of patented medicine, including insulin, and sets a maximum price that the drugs can be sold for.The move by Eli Lilly comes after U.S.
Eli Lilly told Global News the U.S. price cuts will not impact Canadian supply, and there are “no risks of a shortage.”
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