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Kiran Mazumdar-Shaw promises reduction in rh-Insulin prices

The announcement was made at an United Nations General Assembly (UNGA) side meeting on innovation and universal health access convened by UNAIDS Health Innovation Exchange

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Kiran Mazumdar-Shaw announced her personal commitment towards enabling universal access to high quality insulin by offering recombinant human Insulin (rh-Insulin) at less than 10 US cents per day in low and middle-income countries (LMICs), according to a press release issued by Biocon Biologics. These countries, which form most of the world, contribute to 80 per cent of the global disease burden.

The announcement was made at an United Nations General Assembly (UNGA) side meeting on innovation and universal health access convened by UNAIDS Health Innovation Exchange, in the presence of the President of Ethiopia, the First Lady of Namibia, Health Ministers from Botswana and Malawi, and representatives from the Private Sector and Development Agencies. The forum on ‘Accelerating Innovations and Investments for Access to Healthcare’ was co-sponsored by UNAIDS and the Center for Global Health and Development.

Biocon Biologics’ recombinant human insulin has been developed using the scientific expertise and world class R&D and manufacturing facilities that have allowed it to bring multiple biosimilar medicines to the US and Europe. The company is committed to use its science, scale and expertise to shift the access paradigm for patients in need of insulins. Biocon is a leading global insulins player with over 15 years of experience in addressing the needs of patients with diabetes, having provided over 2 billion doses of human insulin worldwide, thus far.

“The announcement by Kiran Mazumdar-Shaw is guided by her conviction that a life-enabling product like insulin cannot be priced out of the reach of those that need it on an everyday basis, whether in the United States or in Africa,” the press release stated.

Biocon’s Recombinant Human insulin offer of less than 10 US cents / day in LMICs is for vials sourced by the government directly from Biocon, assuming an insulin dosage of 40 IU per day.

Currently, the blended median patient prices in LMICs are US$ 9 per 10 ml vial translating to 36 US cents/ day. The current US list price in retail is over US$ 5 / day.

Biocon, an India-based global biopharmaceuticals company is committed to affordability and access and will work with healthcare systems and payers worldwide to ensure that Insulin pricing is not a constraint to the well-being of individuals and of communities.

She also called upon insulin deliver