California announces $30 insulin production plan
California Governor Gavin Newsom announced on Saturday that the state has launched a 10-year partnership with a drugmaker to produce insulin for its residents at a significantly lower cost.
The state plans sell insulin for $30 for a 10-milliliter vial, Newsom said at a Saturday news conference near Los Angeles. The insulin will be manufactured by Civica Rx, a not-for-profit pharmaceutical company. The product isn’t expected to hit store shelves until at least next year.
“Thank you for wanting to disrupt the market,” Newsom said. “Thank you for being willing to…