Eli Lilly gets FDA approval for a new formulation of insulin lispro and offers it at the out-of-pocket cap of $35 for a monthly supply for patients with or without insurance.
The FDA has approved a novel formulation of insulin lispro (Lyumjev) for the control of blood sugar in adults with type 1 and type 2 diabetes. The product is injectable and designed for rapid absorption of insulin following meals. It was developed by Eli Lilly and Company.
The drug company said the insulin product will be made available to patients with commercial insurance or without insurance of any kind to purchase monthly supplies of Lyumjev for a maximum out-of-pocket of $35, based on an insulin-affordability program Eli Lilly implemented in April.
"Lilly is committed to ensuring all of our insulins, including Lyumjev, are accessible to people living with diabetes through our wide range of affordability options, such as the Lilly Insulin Value Program," said Adrienne Brown, vice president of US Connected Care and Insulins for Lilly, in a statement.
The move to cap insulin prices at $35 comes amid widespread policy changes by private and public payers in response to growing public concerns about the gap between those who can afford insulin and those who cannot.
In March, CMS announced a savings model designed to encourage Medicare Part D sponsors to lower insulin co-pays to $35 for beneficiaries in the coverage gap. The agency predicted a potential savings of $250 million, based on extended manufacturer discounts, over 5 years. In May, CMS reported that health payers representing over 1750 individual Medicare Part D and Medicare Advantage plans had signed aboard the plan, set to start in 2021.
Lilly has previously said a reason for its cap on insulin costs is the financial hardship now faced by many US residents as a result of coronavirus disease 2019.
The insulin lispro product was previously approved in Japan and the European Union. Lilly said that in the United States, the list price will be the same as for Humalog, also a Lilly insulin lispro drug.
The FDA approval was based on data from 2 randomized, phase 3 studies: PRONTO-T1D and PRONTO-T2D. These compared Lyumjev and Humalog in patients with type 1 and type 2 diabetes. Each study met the end point of noninferiority for reduction of glycated hemoglobin.
“Lyumjev demonstrated superior reduction in blood glucose spikes at both 1 hour and 2 hours after a test meal compared with Humalog,” Lilly said. Safety and tolerability profiles were similar.
Boosting Health Care Sustainability: The Role of Biosimilars in Latin America
November 21st 2024Biosimilars could improve access to biologic treatments and health care sustainability in Latin America, but their adoption is hindered by misconceptions, regulatory gaps, and weak pharmacovigilance, requiring targeted education and stronger regulations.
A New Chapter: How 2023 Will Shape the US Biosimilar Space for 2024 and Beyond
December 31st 2023On this episode of Not So Different, Cencora's Brian Biehn and Corey Ford take a look back at major policy and regulatory advancements in 2023 and how these changes will alter the space going forward.
Can Global Policies to Boost Biosimilar Adoption Work in the US?
November 17th 2024On this special episode of Not So Different honoring Global Biosimilars Week, Craig Burton, executive director of the Biosimilars Council, explores how global policies—from incentives to health equity strategies—could boost biosimilar adoption in the US.
The Subcutaneous Revolution: Zymfentra and the Future of IBD Care With Dr Andres Yarur
December 17th 2023On this episode of Not So Different, Andres Yarur, MD, a researcher and associate professor of medicine at Cedars-Sinai Medical Center, discusses the significance of the FDA approval for Zymfentra, the world's first subcutaneous infliximab product, for patients with inflammatory bowel disease (IBD).
Enhancing Adoption of Infused Biosimilars for a Sustainable Future
October 30th 2024An IQVIA report highlights challenges to the sustainability of infused biosimilars in the US, citing rebate walls and reimbursement policies, and proposes key solutions to enhance adoption and benefits for all stakeholders.
Strengthening the Supply Chain: Key Insights From FDA Commissioner Dr Robert Califf
October 25th 2024At the GRx+Biosims conference, FDA Commissioner Robert Califf, MD, stressed the urgent need for data transparency in the global supply chain and the role of collaboration and artificial intelligence in ensuring the resilience of biosimilar and generic drug production.