New Drug Approvals
February 28, 2023Update on Insulin Prices and Pipeline Products
March 1, 2023March 1, 2023 - Eli Lilly announced the price of Rezvoglar (insulin glargine-aglr) as well as price cuts on other insulin products and a cap on out-of-pocket (OOP) costs for insulin. Lilly’s announcement was not unexpected, based on recent publicity and legislation regarding drug prices, particularly with respect to insulin.
In today’s announcement, Lilly stated that a five-pack of KwikPens will be priced at $92, which is a 78% discount to Sanofi’s Lantus (insulin glargine). This price will be effective starting on April 1, 2023.
Rezvoglar was approved as the second interchangeable biosimilar to Lantus on November 17, 2022. Biocon’s Semglee was approved as the first interchangeable biosimilar to Lantus, and Biocon launched both branded and unbranded versions.
Once Rezvoglar launches, patients can receive Rezvoglar or Semglee (branded or unbranded) at the pharmacy in place of branded or unbranded Lantus. Rezvoglar’s label does not specify whether it is interchangeable with Semglee, only that it is interchangeable with Lantus.