The heat is on the FDA to find a way to approve a generic insulin, the oldest existing biologic on the market. And some observers say that the push is likely to spur a broader effort for a generic regulatory pathway for all biologics. Insulin has been used in form or another since the 1920s, but there has never been a generic form approved. Some $3.3 billion dollars a year is spent on insulin.
- read the report from FierceHealthcare
- here's the article from The New York Times
ALSO: Eli Lilly has decided to stop construction of a new insulin manufacturing plant in Virginia. Another 250 U.S. plant workers are losing their job as Lilly expands a biotech manufacturing facility in Ireland. Release