Eli Lilly’s CEO promises not to raise insulin prices

Chiefs of Novo Nordisk, Sanofi, and Eli Lilly meet with the senate to discuss prices – but only the latter declares that new lower insulin prices are there to stay.

Photo: Leah Millis/Reuters/Ritzau Scanpix

By Nacha Cattan and Ilena Peng, bloomberg

Eli Lilly & Co. won’t raise prices on any insulin products now on the market, Chief Executive Officer Dave Ricks told Senator Bernie Sanders at a hearing with big pharma executives as drugmakers come under increased scrutiny over soaring costs.

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