4 ms·
How much does it cost to invent a manufacturing process for synthetic insulin?
by 9991 5y ago
How much does it cost to invent a manufacturing process for synthetic insulin?
- OldTimeCoffee 5y agoNovo Nordisk (the maker of the newest insulin Levemir) spends about 17.8b kroner a year on R&D (or about 12.6% of their revenue). Levemir was introduced in 2005; they've long since made up any R&D costs. The first synthetic insulin (Humulin) is from 1978. These aren't new medications, even Lantus is over 20 years old. The R&D costs don't factor into the price they charge at this point.
- 9991 5y agoMaking up the R&D costs is not the appropriate benchmark. The companies need a profit to justify the tying up of that capital for a long time. > (Humulin) is from 1978 Great, so it's off patent now? Serious question: where's the generic humulin?
- deleted 5y ago[deleted]
- OldTimeCoffee 5y agohttps://academic.oup.com/jlb/article/7/1/lsaa061/5918811 https://academic.oup.com/jlb/article/7/1/lsaa061/5918811
- thebeastie 5y agoWell there’s https://openinsulin.org/ https://openinsulin.org/