Tell your flatmates about your allergy and the seriousness of it, especially if you need
an EpiPen in the event of a bad reaction to food.
It's also a bad idea to keep
your EpiPen in the car, where it can be exposed to temperature extremes that make it less effective.
At least two companies are seeking approval to sell a rival brand or generic version of
EpiPen in the United States, but none are likely to be available until later next year.
Our fast - acting (and highly allergic) nurse rushed out of the room and made it to
her EpiPen in time.
For example: Cigna's decision this week to drop coverage of
the EpiPen in favor of a cheaper competitor and pharmacy benefits manager Express Scripts» original controversial decision to snub Gilead's hep C cure Sovaldi in favor of a competitor from AbbVie.
There are two main parts to the investigation: 1) whether or not Mylan engaged in «product hopping,» or making small tweaks to
the EpiPen in order to preserve IP protection; and 2) whether or not the pharma giant entered into certain agreements that stalled the entry of cheaper generics into the market.
The company recently said it is going to pay $ 465 million to the Department of Justice and other government agencies over the way it classified
the EpiPen in the Medicaid Drug Rebate Program.
As a working parent fortunate enough to have solid health insurance, I can curse my $ 60 copay (the highest tier in my «gold» insurance plan, and twice what it was when I started buying
EpiPens in 2009) and plunk down a credit card.
Not exact matches
«Your own data show that you received hundreds of complaints that your
EpiPen products failed to operate during life - threatening emergencies, including some situations
in which patients subsequently died,» the FDA wrote.
We are very confident
in the safety and efficacy of
EpiPen products being produced at the site.»
Rajiv Malik, president and executive director at
EpiPen maker Mylan (essentially the company's number two exec), has been named
in a wide - ranging civil suit alleging drug price collusion by numerous prominent generic drug makers.
Mylan drew major flak last year after news broke that it had steadily increased the list price for an
EpiPen two - pack from about $ 100 to more than $ 600
in less than a decade.
It's not just the insulin market that is doing this: The same thing happened with the
EpiPen market when a competitor came
in around 2013 and with multiple - sclerosis drugs.
As lawmakers and the public scrutinize dramatic price increases for other old drugs — most recently with the Mylan - owned
EpiPen, which saw its cost go up by 500 %
in the past nine years — the next flash point may be insulin, a drug both ubiquitous and complicated.
When customers, who were truly
in need of a real solution, gained the
EpiPen, they felt
in control.
That is,
in part, because the price of
EpiPen is tied to Mylan's stock performance, and Mylan's stock performance is tied to executive compensation.
Congress seems to think that a trove of documents including anything prepared for the company's board having to do with the
EpiPen, Mylan's tax rate, profits connected to the
EpiPen, manufacturer contracts related to the
EpiPen, anything related to
EpiPen pricing
in the Netherlands, and anything having to do with a generic
EpiPen could help answer that question.
In Toronto, Amy Morrell keeps four
EpiPens to protect her 5 - year - old son from a life - threatening peanut allergy.
Mylan bought
EpiPen from Merck
in 2007.
Mylan came under fire
in August when it raised the price of the
EpiPen, a lifesaving allergy drug, to $ 608 for a two - pack.
In conjunction with Mylan's SEC filing, a Mylan spokesperson stated that «the information provided to Congress has made clear that tax was part of the
EpiPen Auto - Injector profitability analysis.»
In a CNBC interview in August, Bresch blamed this complexity and the middlemen that are able to profit from it for EpiPen's price hike
In a CNBC interview
in August, Bresch blamed this complexity and the middlemen that are able to profit from it for EpiPen's price hike
in August, Bresch blamed this complexity and the middlemen that are able to profit from it for
EpiPen's price hikes.
In response to a Reuters query, Pfizer said there was no shortage in the United States and that Mylan decides how EpiPens are allocated to different countrie
In response to a Reuters query, Pfizer said there was no shortage
in the United States and that Mylan decides how EpiPens are allocated to different countrie
in the United States and that Mylan decides how
EpiPens are allocated to different countries.
In a statement to CNBC, Mylan reiterated that it was following guidance from the federal government on the classification of EpiPens and it referred to a new government rule that intends to clarify ambiguities in Medicaid rebate la
In a statement to CNBC, Mylan reiterated that it was following guidance from the federal government on the classification of
EpiPens and it referred to a new government rule that intends to clarify ambiguities
in Medicaid rebate la
in Medicaid rebate law.
Mylan, one of the 10 most heavily weighted stocks
in the ETF, traded more than 1.5 percent higher despite recent political pressure over the stark price increases of its life - saving
EpiPen device.
Health Canada has told consumers to use expired
EpiPens and call 911
in an emergency if they have nothing else.
Mylan had not directly referenced the tax assumptions for its
EpiPen profit estimates, neither
in its September 15, 2016, letter to the Committee, nor
in the documents that the company produced.»
In Canada, a single
EpiPen can be bought for $ 100, while the UK National Health Service price for a single dose is closer to $ 38.
Mylan saw its stock dip almost a third of a percent during after - hours trading, following members of Congress saying it cheated taxpayers by underpaying Medicaid
in rebates owed on sales of its lifesaving device
EpiPen.
The
EpiPen is a so - called «auto - injector» which delivers a jolt of epinephrine to the body
in order to counteract anaphylaxis shock from allergies to peanuts, shell food, and other substances.
Its brand has become synonymous with Kleenex and other household products when it comes to fighting deadly allergies;
in fact, the
EpiPen enjoys a near - monopoly on the market with annual sales of more than $ 1.3 billion and nearly 90 % U.S. market share
in the space.
And despite the fact that Mylan raised
EpiPen prices roughly 30 %
in 2015 while prescription volume also grew 7 %, the company's revenue on the drug actually fell slightly, as the other players took even bigger cuts, according to Raffat.
According to filings, Coury made roughly $ 98 million
in 2016, the same year
in which the company faced criticism for the price of the
EpiPen and the stock fell by almost 30 %, according to company filings.
Mylan's CEO, Heather Bresch, later had to testify before Congress, class - action lawsuits have been filed against the company, and Mylan
in May was accused of overcharging the US government by $ 1.27 billion for
EpiPens.
And the risk of losing money also falls less on Mylan than it does on those at the end of the supply chain, with the pharmacy having to dispense
EpiPens while accepting less
in copay money upfront, then applying for a rebate and waiting to see what trickles back.
The generic pharmaceutical company came into the spotlight
in August 2016 for raising the price of the
EpiPen to $ 608.61 from $ 93.88 over the past decade.
Those middlemen are by no means starving: Mylan revealed on Thursday that it wasn't pocketing the full $ 608
EpiPen wholesale price
in the first place, but only $ 274 per prescription, with the remaining $ 334 split between the other parties.
«I absolutely believe that if
EpiPen had to be the catalyst to show this window of what families are facing
in a high - deductible plan... then it would have been worth it,» the controversial big pharma chief told attendees at the Forbes Healthcare summit on Thursday.
One concern among analysts is how fallout over
EpiPen pricing will affect Mylan's roughly $ 1 billion
in annual sales of the device.
Bresch admitted that the
EpiPen, which her company acquired
in 2007, had become its first $ 1 billion device.
Clinton went on to reiterate her position that drug price hikes should be linked with better patient outcomes and demonstrated improvements
in value, and demanded that Mylan «immediately reduce the price of
EpiPens.»
In the first year Mylan owned
EpiPen, its price increased nearly 5 %, to about $ 99 for a set of two
EpiPens.
Bresch, who at the time was overseeing the Merck integration as president of Mylan (she became CEO
in 2012), saw
EpiPen as a hidden gem.
In a statement Monday, Mylan says it has tried to make
EpiPen accessible and affordable to people who really need it, offering rebate cards that allowed 80 % of patients with commercial insurance to get the product for free last year.
Inside Mylan, executives including Bresch all refer to
EpiPen as her «baby»: It's Mylan's first billion - dollar drug, reaching $ 1 billion
in annual sales
in 2014 and 2015 — making it what the pharmaceutical industry calls a «blockbuster.»
At the time,
EpiPen was making less than $ 250 million
in sales.
Her comments came shortly after the Senate Committee on Aging asked Mylan to provide information on the reasoning behind what it called the «drastic» price increase of
EpiPen, and the American Medical Association «urge [d]» Mylan to «rein
in these exorbitant costs.»
On an earnings call earlier this month, Bresch blamed
EpiPen sticker shock
in part on Obamacare.
Mylan has raised the price for the
EpiPen, an auto - injector device that delivers epinephrine to counteract deadly allergic reactions which must be replaced on a yearly basis, more than 400 % over the last decade, putting families who have high deductible health insurance
in a bind.
There's some bad news out there for Mylan's
EpiPen — it's starting to hemorrhage market share to competitors
in the wake of its price - gouging controversy.