Money Eli Lilly to introduce generic version of insulin drug Humalog that cuts price in half March 4, 2019Shari Rudavsky, Indianapolis StarComments Off on Eli Lilly to introduce generic version of insulin drug Humalog that cuts price in half Eli Lilly will introduce a cheaper version of its insulin drug, Humalog, to treat diabetes. Generic Insulin Lispro will cost $137.35 for a vial.