Before 1987,
when EpiPens hit the market, epinephrine was pretty much only delivered via standard syringes.
Since late August,
when the EpiPen price increases came into the spotlight, Mylan shares have fallen about 15 %.
Not exact matches
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.
When customers, who were truly in need of a real solution, gained the
EpiPen, they felt in control.
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.
Mylan came under fire in August
when it raised the price of the
EpiPen, a lifesaving allergy drug, to $ 608 for a two - pack.
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.
A test for the shares looms on Wednesday,
when Mylan CEO Heather Bresch testifies before the U.S. House of Representatives Oversight Committee over price increases of
EpiPen, an auto - injector of allergy medicine.
What's more, Bresch, citing the roughly $ 600 wholesale cost, added that
when you look at other treatments, the
EpiPen does not fall into the category of «an expensive product.»
Pharmaceutical giant Mylan was embroiled in a controversy about its drug pricing last year
when it hiked the price of
EpiPen by more than 400 percent.
Regulators missed an opportunity to reform Mylan in 2012
when the company produced a television commercial showing a mother driving her son to a birthday party and implying that he could eat whatever he wanted, despite his nut allergy, as long as an
EpiPen was nearby to counteract a reaction.
She added that Mylan had responded promptly
when the Food and Drug Administration criticized the company's advertisement in 2012, and that the
EpiPen had become more expensive because Mylan had invested in public awareness and improving the device.
The interest intensified in 2016,
when Mylan increased the cost of the
EpiPen by 400 percent.
Why do u think I have to carry an
epipen with me every where I go... That was my biggest frustration
when dealing with her allergy.
He began carrying his
EpiPens at school once the law was passed in Colorado allowing him to do so, which was
when he was 11 years old.
From the age of 4, he carried his
EpiPens on his body
when we left home.
«
When you have an allergy,
EpiPens are necessary to save your life,» said Hannon.
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.
If a pet owner has a dog or cat known to have anaphylaxis, an
EpiPen or syringe of epinephrine should be kept at home and taken with the pet
when away from home.