Top U.S. Senate Democrat calls on Sanofi to drop insulin price

U.S. Senate Majority Leader Chuck Schumer on Thursday called on pharmaceutical company Sanofi to lower its insulin price.

"I call on the third big drugmaker of insulin, Sanofi, to end their practice of keeping insulin prices at sky-high levels, so that Americans can afford to pay for diabetes treatment without going broke," Schumer said in a speech on the Senate floor, adding that he would soon send a letter asking for the price drop to the company soon.