Mylan announces $300 generic EpiPen at 3x original price
In another attempt at quelling public outcry over the skyrocketing price of the lifesaving EpiPen, maker Mylan has announced that it will begin selling a generic version of its allergy medication injector ‒ at the low, low cost of $300.
EpiPen administers a quick dose of epinephrine to counter a severe, life-threatening allergic reaction known as anaphylactic shock. The easy-to-use injector is made by West Virginia-based Mylan Pharmaceuticals, which bought the rights to it in 2007. Since then, the price of the EpiPen has ballooned, going from $100 to $600.
On Monday, Mylan unveiled the generic version, noting that the auto-injector’s “list price of $300” for each two-pack carton “represents a discount of more than 50 percent to the Mylan list price.” – READ MORE