The FDA has approved the first interchangeable insulin, allowing pharmacists to substitute brand name insulin with a more affordable version called Semglee.
The approval will allow Semglee to function like a generic drug in the market and should reduce insulin costs.
These types of products, like other generics, may significantly reduce drug costs. The FDA said other biosimilars in the U.S. launched with prices 15% to 35% lower than brand name drugs. A typical month's supply of Semglee injector pens cost about $150 to $190 without insurance, compared to $340 to $520 for Lantus,
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