NEWS: Chairman Sanders Applauds Public Pressure for Forcing Eli Lilly to Reduce Cost of Insulin by 70%, Sends Letters to Remaining Companies to Follow Suit

Statement

Sen. Bernie Sanders (I-Vt.), chairman of the Health, Education, Labor, and Pensions Committee (HELP), on Wednesday applauded people with diabetes for organizing to force Eli Lilly and Company to reduce the cost of insulin by 70 percent. Sanders also sent letters to other major insulin makers -- Sanofi and Novo Nordisk -- calling on them to follow suit.

"This is what fighting back accomplishes," Sanders said after the announcement. "At a time when Eli Lilly made over $7 billion in profits last year, public pressure forced them to reduce the price of insulin by 70 percent. Now is the time for Sanofi and Novo Nordisk to do the same. Now is the time to end the greed of the pharmaceutical industry and substantially lower the outrageous cost of prescription drugs in America."

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