When inventor Frederick Banting discovered insulin in 1923, he r
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Wildwood Crest - When inventor Frederick Banting discovered insulin in 1923, he refused to put his name on the patent. Banting’s co-inventors, James Collip and Charles Best, sold the insulin patent to the University of Toronto for a mere $1. They wanted everyone who needed their medication to be able to afford it. Today, Banting and his colleagues would be spinning in their graves: Their drug, which many of the 30 million Americans with diabetes rely on, has become the poster child for pharmaceutical price gouging.
Print Publication Date:
4/13/2022