ICYMI: As part of the state’s new budget, $50 million will go directly to the development of low-cost insulin products, while the other $50 million will be used to start construction of a California-based insulin manufacturing facility.
The innovative push, announced Thursday by Gov. Gavin Newsom, comes after years of astronomical prices for the drug have made it nearly impossible for many people with diabetes to afford the critical medicine.
In the video, Newsom did not offer an expected completion date for the plant or when the new, cheaper versions of the drug will make it to market, but he noted California plans to make it “at a cheaper price, close to at-cost and to make it available to all.” “You know, my son is not a statistic,” his mother told CBS News in 2019. “He would be here if his lifesaving-medication was priced at a reasonable rate.”
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