INSULIN METAPHOR FOR TODAY’S VALUES

Published October 22, 2022 by Nan Mykel

Image Facebook.com

This is a reblog from Ned Hanson’s site:

On January 23rd, 1923 Banting, Best, and Collip were awarded the American patents for insulin. They sold the patent to the University of Toronto for $1 each. Banting notably said: “Insulin does not belong to me, it belongs to the world.” His desire was for everyone who needed access to it to have it.

In order for the insulin to be mass produced and widely available, the pharmaceutical company Eli Lilly and Co. were given the rights to do so. While this incredible advancement was intended as a gift from the discoverers, Eli Lilly and the two other major insulin producers, Sanofi and Novo Nordisk, have turned insulin into profit machines, assisting in bringing in billions of dollars in profit every year. By 1923, insulin was the highest-selling product in Eli Lilly’s history, and profits from it accounted for over half of the company’s revenue. As we know, the prices have continued to skyrocket ever since.

A gift to the world has become a tool for price gouging patients all over the world. The greed of the pharmaceutical industry is keeping insulin out of the hands of millions. This greed leads to the loss of countless lives and dampens the dream of Banting, which was to make insulin a gift that belongs to the world.

2 comments on “INSULIN METAPHOR FOR TODAY’S VALUES

  • Please share your own experiences here...

    Fill in your details below or click an icon to log in:

    WordPress.com Logo

    You are commenting using your WordPress.com account. Log Out /  Change )

    Twitter picture

    You are commenting using your Twitter account. Log Out /  Change )

    Facebook photo

    You are commenting using your Facebook account. Log Out /  Change )

    Connecting to %s

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Pacific Paratrooper

    This WordPress.com site is Pacific War era information

    Edge of Humanity Magazine

    An Independent Non-Discriminatory Platform With No Religious, Political, Financial, or Social Affiliations

    K E Garland

    Inspirational kwotes, stories and images

    Nguyễn Thị Phương Trâm

    Art and Literature Beyond Borders

    Thar She Blows!

    If idiots could fly this blog would be an airport.

    Darcy Hitchcock

    Envision a sustainable future

    Barbara Crane Navarro

    Rainforest Art Project - Pas de Cartier !

    Kate Lunsford

    Reflective Writing

    Rosamond Press

    A Newspaper for the Arts

    Ned Hamson's Second Line View of the News

    Second Look Behind the Headlines - News you can use...

    Aging Capriciously

    Divergent Thoughts on Life, Love and Death

    Some View on the World

    With previous posting of "Our World" on Blogger

    Filosofa's Word

    Cogito Ergo Sum

    Trent's World (the Blog)

    Random Ramblings and Reviews from Trent P. McDonald

    Catxman's Cradle

    Catxman dances, Catxman spins around, leaps ....... // I sing a song, a song of hope, a song of looove -- a song of burning roses. / Synthesizer notes. // (c) 2021-22

    Leadings: Judy Lumb

    Africa 2012 / Britain 2014 / Peru / Standing Rock 2016

    GABBY GRAYWHISKERS

    kitchen talk

    Salted Caramel

    Blogging, Motivation, Lifestyle and much more.

    %d bloggers like this: