Lantus

On Thursday, drugmaker Sanofi announced that it is joining Eli Lily and Novo Nordisk in reducing the price of insulin. The three companies, which dominate the global insulin market, were recently sued by the state of California, alleging they illegally drive up the cost of the drug.

"It seemed like only a matter of time before Sanofi also made changes," said Stacie Dusetzina, a health policy professor at Vanderbilt University Medical Center. "You don't want to be a standout."

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