Benzinga | Aug 16, 2021 03:01PM EDT

FDA Clears Use Of Eli Lilly's Insulin With Insulet's Infusion Pumps

* The FDA has approved the use of Eli Lilly And Co's (NYSE:LLY) Lyumjev (insulin lispro-aabc injection) 100 units/mL with Insulet Corporation's (NASDAQ:PODD) insulin management systems.

* Lyumjev, approved by the FDA in June 2020, is a formulation of insulin lispro to speed insulin absorption into the bloodstream.

* As rapid-acting insulin, Lyumjev helps control glucose levels after meals in adults with diabetes.

* The FDA has approved an expanded label for the rapid-acting insulin with Insulet's Omnipod & Omnipod DASH insulin pumps.

* Price Action: LLY shares are down 1.54% at $268.29, while PODD shares are up 1.85% higher at $292.90 during the market session on the last check Monday.