Pharmaceutical company introduces lower insulin prices

Local News

DAYTON, Ohio (WDTN) – Amid growing concerns over the high-cost of insulin, pharmaceutical company Eli Lilly is now offering a discounted insulin product.

They’re slashing the price of their insulin from $275 per vial to a little more than $137.

Dayton resident Leroy Greenidge has been living with Type 2 Diabetes for 12 years.

Although he doesn’t take insulin, his doctors have warned him that could soon change.

“If I’m not able to afford my insulin, how am I going to treat my diabetes?” Greenidge asked. 

When asked about Eli Lilly’s plans to lower costs, he said: “That’s great news especially for the African-American community. We’re the highest people with diabetes so that’s very important to us.”

Another man, Clayton Luckie, noted the high cost of insulin for diabetics has been a long-standing concern.

“It’s the insulin, it’s the supplies, everything is costly,” Luckie said. “To anyone, I would ask for the Eli Lilly product. Make sure, when the pharmacist is filling it out, make sure they fill it with that product because that will force the other pharmaceutical companies to drop it down.”

Pharmacist Nnodum Iheme of Zik’s Family Pharmacy says monthly insulin costs for diabetics can go as high as $400.

“The cash-paying patients, or very high co-pay patients will say: ‘Hey, I can’t afford my insulin.’ And they will start rationing it,” he said.

Rationing insulin can be very dangerous. High blood sugar can affect small things like your ability to concentrate and bigger things like your kidney’s ability to function.

“For Lilly to come out with the generic of the Humalog, I think it’s phenomenal and other companies will follow,” Iheme said.

There’s no specific date as to when the discounted insulin will be available. Eli Lilly says it’s working as fast as it can.

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