Democrats want insulin producers investigated

Insulin producers Novo Nordisk, Sanofi and Eli Lilly have come under attack from Democratic Party representatives in the US who have encouraged the US Federal Trade Commission to investigate them for potential collusion in the US insulin market.

Representative Katie Porter | Photo: Erin Scott/Reuters/Ritzau Scanpix

Six prominent members of the US House of Representatives including Katie Porter, who has previously been committed to regulating the pharmaceutical industry, have sent a letter to the US Federal Trade Commission (FTC) encouraging this authority to investigate Novo Nordisk, Sanofi and Eli Lilly, according to media Endpoints News.

In the letter, the six Democrats detail that the firms raised their insulin prices at the same time, which caused the price to nearly double between 2012 and 2016. For this reason, it should be investigated whether the involved parties had agreed on this in advance, the Democrats state.

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