The new price -- starting Jan. 1 -- will be about $80 per vial and comparable to how much a vial of Lilly's brand name Humalog insulin cost in 2008.

Starting Jan. 1, Lilly will drop the cost of its Insulin Lispro Injection -- the generic of its insulin Humalog -- by 40 percent, saving about $50 per vial.

An additional $5 million will go towards improving health equity through the Diabetes Impact Project, or DIP IN.

The announcement comes a few weeks after the Food and Drug Administration approved a treatment from rival Biogen despite warnings from the agency's independent advisers that it hasn't been shown to help slow the brain-destroying disease.

Global pharmaceutical company Eli Lilly is planning for employees working from home to return to their Indianapolis offices this summer. Officials say this is another step towards businesses returning to what operations were before the pandemic.

The Indianapolis-based global company is donating COVID-19 treatments to help severe cases in India and other countries struggling with the virus.

Overall, Lilly's net income fell 7 percent in the quarter to $1.35 billion, with adjusted earnings totaling $1.87 per share. Revenue grew 16 percent to $6.81 billion.

One of Indiana's most prominent corporations is criticizing an Indiana proposal that opponents maintain will make mail-in voting more difficult by requiring voters to submit identification numbers with their ballot applications.

Two funds honoring the legacy of Eli Lilly's first Black chemist will provide grants to organizations working to preserve, restore and maintain important African-American landmarks in Indiana. Standiford H. Cox created these funds in his name and to honor his parents.

Indianapolis-based Eli Lilly is partnering with health care systems around the state to increase access and affordability around its COVID-19 antibody treatment.