Mylan to offer generic EpiPen for 50% less

[thackney]

Mylan to offer generic EpiPen for 50% less
http://www.usatoday.com/story/money/2016/08/29/mylan-generic-epipen/89528460/
August 29, 2016

Drug-maker Mylan said Monday that it will offer a generic version of the life-saving allergy treatment EpiPen for half the list price of the brand name treatment, which had become the center of a national controversy over skyrocketing drug prices.

The move marks a sharp shift after Mylan vigorously defended multiple increases that resulted in a list price of about $600 for a two-pack of the emergency injection treatment, up from about $100 in 2009.

The generic version "will be identical to the branded product, including device functionality and drug formulation," Mylan said in a statement.

It will hit shelves within several weeks at a list price of $300 for a two-pack carton in dosages of either 0.15 milligrams or 0.30 mg, the company said.

Mylan will continue to sell EpiPen and continue to offer a $300 discount to certain families that qualify for assistance based on their income levels.

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Raise the price 600%, offer a 50% discount and pretend to be a hero, with a mere 300% increase.

[geronl]

Half-price is still a steep increase, lol

[Rivergirl]

NJ offers FREE heroin overdose antidote to drug users.
How is it that children with life threatening allergies are being charged exhorbitant  amount for their epi pen?

[geronl]

NJ offers FREE heroin overdose antidote to drug users.
How is it that children with life threatening allergies are being charged exhorbitant  amount for their epi pen?

epipen is a delivery device, not the medicine. The medicine in them might be $1 - lol

[Rivergirl]

Mylan CEO is Senator Manchin's daughter.  Notice how the uproar has died down.

[dfwgator]

"Maybe I'll go to the movies..........by myself."

[Fishrrman]

"The generic version "will be identical to the branded product, including device functionality and drug formulation," Mylan said in a statement."

Hmmmmmm......
Lemmmeeeesseeee here.....

New "generic" version.
"Identical" to the "branded" product @ $600.
Same "device functionality" and "drug formulation".

Only thing that "changed" is the name on the package, but...
... sells for 50% of the "other" product.
They're probably still making a VERY handsome profit on the so-called "generic"...
.... which is THE SAME PRODUCT with only a different name.

So....
... If they can afford to produce and sell the generic @ $300.... what was the motivation for charging $600 for the same thing?

One word:
GREED.
Because.... they figured they could get away with it.

Again ... it's people running companies like this... that will eventually drive medical care and equipment out of "the private sector" and into government control.

Companies and CEO's like this one are the best friends that the left has...