The U.S. Food and Drug Administration (FDA) has given Pfizer's (pfe) Meridian Medical Technologies unit a warning over multiple violations at the Brentwood, Mo. manufacturing plant where
it makes EpiPen products for Mylan (myl).
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.
In fact, prior to the recent price hike backlash, Mylan was looking to
make the EpiPen more expensive.
«Mylan has spent billions of dollars
making EpiPen a household name synonymous with epinephrine, but there are lesser - known products such as generic Adrenaclick, which can be purchased for approximately $ 140 for a two - pack,» said Senate Health Committee Chairman Kemp Hannon, a Long Island Republican.
Not exact matches
Another
EpiPen alternative, Kaleo's Auvi - Q, is set to
make a return to the U.S. market within the next six months.
To
make a somewhat long story short, when Mylan raised the price of the
EpiPen, they went from a company quelling fear to a company instilling fear.
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.»
Slavitt said
EpiPen has patent protection, has no Food and Drug Administration - approved equivalents, and was approved by that agency under a «new drug application,» all of which
make it a brand - name drug.
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.
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.
After all, Mylan acquired the
EpiPen from another company, and while Bresch insists that significant improvements have been
made to the epinephrine - delivering product itself, she also admitted on Thursday that a big part of the price increase rationale was to fund marketing and awareness efforts for the device.
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.
Still, Mylan
made no promises to lower the list price of
EpiPen, or to refrain from future price hikes.
NEW YORK (AP)-- Saying she is «disappointed, saddened and deeply concerned» by the price hike of the
EpiPen, actress Sarah Jessica Parker has cut ties with the company that
makes the emergency allergy treatment.
If your child has a food allergy, be sure to teach him how to identify and avoid foods that he should avoid, and
make sure that he always has an
EpiPen available in case he has a serious allergic reaction.
Many school cafeterias have students on work / study working in the cafeteria and this can
make training about food allergies and
EpiPens more difficult.
How you can help:
Make a plan with your child for where things like an
EpiPen will be.
He's questioning sudden price hikes in
EpiPens and Narcan,
made by companies with a corner on their markets.
The Syracuse Fire Department is
making a change from using
EpiPen auto - injectors to treat life - threatening allergic reactions.
Our fast - acting (and highly allergic) nurse rushed out of the room and
made it to her
EpiPen in time.
Naltrexone needs to be
made readily available in the medicine kits of the families and friends of anyone with an opioid addiction disorder, Ciccarone said, adding, «It needs to be this generation's
EpiPen.»
MONDAY, Aug. 29, 2016 — A cheaper generic version of the emergency allergy treatment
EpiPen will be
made available within the next few weeks, manufacturer Mylan said Monday.
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.
If you need to carry an
EpiPen (an auotinjector) because you're at high risk of a serious allergic reaction, check every year to
make sure its expiration date hasn't passed, and replace it if it has, Dr. Rosenstreich says.
Epinephrine can also be easily damaged by light and heat, so a DIY kit would have to be prepared and carried very carefully, and refilled more often than an
EpiPen, in order to
make sure the medicine doesn't become ineffective.