Biohackers aim at producing $7 insulin, compared with $300 insulin from Big Pharma
Reportedly, insulin costs $1.50 to $5 per vial to make, but is sold for around $300. Biohackers are working on reverse engineering insulin to produce a recipe they will make public, and say they will sell vials for $7.
Three large companies own 90% of the insulin in the world. Novo Nordisk, Lilly, and Sanofi. Millions of people need insulin, and some can't afford what they need.
The FDA wants to open the market for insulin, according to some, and therefore they will approve the molecules created by the 'biohackers' [Open Insulin project]. Once they complete their work, they will make the recipe public so community labs around the world can produce it locally.
'There was a time for being angry,' said one of the Open Insulin workers, 'It's not anger anymore. It's just determination.'