Part 1/6:

The Rising Cost of Insulin and the Open Insulin Project

The Contradiction Between Production Cost and Market Price

Insulin, a life-saving hormone for those with diabetes, has seen its price skyrocket over the past several years. Interestingly, the actual cost of producing insulin is relatively low—ranging from as little as $1.50 to $5 per vial. This stark disparity between production cost and the retail price highlights significant issues within the pharmaceutical supply chain and market dynamics.