What is the latest advancement that has been made in regards to insulin?

Analog insulins: newer analog insulins, such as Lispro (Humalog), Aspart (Novolog), Gulise (Apidra) are in a monomers form. Hence these are rapidly absorbed into the blood stream, making the onset of action much quicker. Also their effect lasts for much shorter periods. For these reasons these insulin analogs generally give better post-meal glucose, with lower incidence of hypoglycemia