Page 34 - David Ricks News Today

Shares in the animal health care company have lost more than two-thirds of their value in the past 18 months, but Elanco says a bevy of new products in its pipeline will prove an era of strong growth is yet to come.

US pharmaceutical giant Eli Lilly announced Wednesday it would cut the cost of its insulin by 70 percent, with President Joe Biden calling on others to follow suit to tackle soaring drug prices.

NPR's Ailsa Chang talks with Eli Lilly CEO David Ricks about the company's move to reduce prices on some older insulins and cap how much people have to pay out of their own pocket.

These drug makers have been criticized for their high prices, up significantly since they began selling analog insulin products 20 years ago.

Eli Lilly will cut prices for some older insulins later this year and immediately give more patients access to a cap on the costs they pay to fill prescriptions.

The pharmaceutical giant is also expanding a program that caps insulin at $35.

The high cost of insulin has forced more than a million Americans to ration their doses, which can be deadly.

After pharmaceuticals company Eli Lilly announced plans to make insulin more affordable, one Houston-area father of three said the move is overdue.

NEW YORK - US pharmaceutical giant Eli Lilly announced Wednesday it would cut the cost of its insulin by 70 percent, with President Joe Biden calling on others to follow suit to tackle soaring drug prices.

Drugmaker says it is taking other steps to make it easier for patients to afford the products.