#calrx — Public Fediverse posts
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GeV. Newsom announces $50-million contract to make California’s own brand of insulin
Gov. Gavin Newsom announced a new $50-million contract with the nonprofit generic drugmaker #Civica to produce #insulin under the state’s own label during a news conference Saturday in Downey.
Pending approval by the U.S. Food and Drug Administration, the deal with Civica would provide the first pharmaceutical product made under the #CalRX brand of #generic #drugs.
Under the deal, a 10-milliliter vial — normally costing $300 — would be made available for the same $30 it costs the state to manufacture and distribute the drug, according to the governor’s office.
Newsom’s office said that as a result of such sharply reduced prices, patients who pay out of pocket for insulin would save between $2,000 and $4,000 annually.
“This is a big deal, folks,” Newsom said. “This is not happening anywhere else in the United States.”