The Newsom administration wants to spend $100 million in this year’s budget. Of that, $50 million to develop low-cost insulin with the help of a drug manufacturer. The other half would be used to set up an in-state insulin manufacturing facility
to seek partnerships with drug manufacturers to develop generics and biosimilars for a number of drugs— but plans have been slow to roll out and it’s unclear which other drugs will be prioritized. Insulin will be the first to be tested. , meaning it’s made from living cells. Medications that copy a brand-name biologic are called biosimilars. Like generics, they tend to be more affordable.
The goal is to provide “Californians with access to insulin products that are a fraction of the $300 per vial prices charged by insulin manufacturers in the U.S.,” the administration’s budget request reads.By clicking subscribe, you agree to share your email address with CalMatters to receive marketing, updates, and other emails.Whether Newsom’s biosimilar initiative will result in significant savings for consumers is a maybe, some researchers say.
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