The new price of Eli Lilly's generic insulin, Humalog, is $137.35, a far cry from its 2001 list price of $35 per vial.
to about $275, from $35. Other insulin makers have raised prices similarly.
Instead, Lilly decided to come out with a new offering, a so-called authorized generic. This type of product is made by or under an agreement from the brand manufacturer. The medicines are exactly the same as the brand-name drug — often made in the same factory with the same equipment to the same formula. Only the name and the packaging are different.
Generics, as traditionally understood, are copies of brand-name drugs made by competing manufacturers once the original patent protection has expired.
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