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Eli Lilly welcomes competition for cheap insulin in US

The CEO of Eli Lilly calls it an interesting development that Novo Nordisk plans to sell a new, cheap, fast-acting analog insulin product at the supermarket chain Walmart.

Photo: Mike Blake/REUTERS / X00030

US Eli Lilly welcomes the new competition from low-cost insulin products from Novo Nordisk.

"I am pro any initiative that can power through and provide better value for patients," Eli Lilly CEO David Ricks told the tv network CNBC on Tuesday.

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