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Why Is Insulin Getting More and More be Expensive

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In 1921, the course of diabetes treatment had changed. It was the discovery of insulin, which promised a whole new way of treating diabetes. However, the scientists who discovered insulin were troubled by the idea whether they should patent the drug.

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This discovery altered the outlook of diabetes and the researchers agonized whether they should profit from such a medicine which can transform diabetes from a deadly to a manageable disease.

Finally, the scientists decided to sell the patent to the University of Toronto for $3 or $1 for each person. They believed that in that way no company would have a monopoly and the patients will be able to use a safe and effective medicine.

Michael Bliss, a historian, stated that these researchers had the motivation to do a great humanitarian thing rather than a commercial profit.

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Unfortunately, this discovery became a gift for the pharmaceutical companies. The University of Toronto has given licenses to many pharmaceutical companies which produced insulin in large quantities in order to keep up with the high demand.

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This has brought about the privatization and commercialization of insulin. Nowadays, insulin has become a global industry which tends to expand even more.
Why Is Insulin Getting More and More Expensive

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