Sanofi Joins Lilly and Novo Nordisk to Cut Insulin Prices (Update)

A white paper on what this means to medication cost management

What is the Update?

Following suit of Lilly and Novo Nordisk, Sanofi announced price decreases and caps on their insulin products that would take effect at the beginning of next year. Price decreases would reduce list prices for Sanofi’s Apidra by 70% and Lantus by 78%.

The tables published in last month’s Industry Insights article for Lilly’s and Novo Nordisk’s insulin price reductions have been updated with Sanofi’s estimated price changes.

Fast-Acting Insulin

For Sanofi’s fast-acting insulin, Apidra, the cost will come down from $283.95 to $85.19 for 100 units/10 mL vials and from $548.52 to $164.56 for five packs of 3-mL pens.

insulin 333 copy

Basal Insulins

For basal insulins, Sanofi’s price cut on Lantus applies to both 100 units/10 mL vials and 5 packs of 3-mL pens. The price of vials will drop from $292.07 to $64.26 and the price of pen packs from $438.07 to $96.38. See Table 2b. Sanofi also plans to implement a $35 cap on Lantus for those with commercial insurance. (No change to the referenced Basal detemir in Table 2a.)

insulin table 444 copy

What this means?

Payors, including pharmacy benefit managers (PBMs) and government and private insurance plans, may reassess assess insulin products for formulary preferred coverage status, based in part on the discounts and rebates that are provided for these products. It is recommended that the payors discuss with their consultants the impact on their current contract.

insulin 555 copy

Want to receive a copy of this white paper?

Please complete the form below and we will send it to you

About PayerAlly

PayerAlly’s mission is to provide cutting-edge support for our clients as they look to better manage prescription medication costs. We offer best-in-class consulting around the areas of PBM vendor management, clinical, financial, and strategic consulting to help clients better manage costs and improve the performance of their pharmacy benefit.