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Analyst: Eli Lilly price drop is a sign of competitive US insulin market

Eli Lilly has lowered the price of its cheapest insulin products in the US, and according to an analyst, this is a clear expression of the intense competition on the market.

Photo: MIKE SEGAR/REUTERS / X90033

The US-based pharmaceutical company Eli Lilly's price reduction on its already cheapest insulin products signifies the tough competition on the US insulin market, in which the company is fighting for its market share with, for instance, Denmark's Novo Nordisk.

So says Senior Chief Analyst at Sydbank Søren Løntoft Hansen to Marketwire.

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