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From 2008 to 2016, Mylan pharmaceutical company raised the price of its auto-injectors by more than 400%, leading to public outrage and congressional scrutiny.. Other epinephrine-delivering ...
In 2007 when Mylan acquired the rights to market the product, annual sales of all epinephrine autoinjectors were about $200 million and EpiPen had around 90% of the market; in 2015 the market size was around $1.5 billion and Mylan still had about 90% of the market.
Examples of affected medications include epinephrine auto-injectors and insulin. [26] Between 2011 and 2016, Mylan was the only competitor on the market and raised the price of EpiPen by almost 400%, and consumers who were forced to pay the cash prices paid reported amounts of $600 or more for a two pack of EpiPen auto-injectors. [27]
The drug company had been justifying its price hike decisions for the brand, notes USA Today, which grew from approximately $100 in 2009 to around $600.
Epinephrine auto-injectors treat a severe allergic reaction called anaphylaxis. The letter says FAA standards last updated in 2004 only require that airlines carry epinephrine in syringes ...
Mylan N.V. was a global generic and specialty pharmaceuticals company. In November 2020, Mylan merged with Upjohn, Pfizer's off-patent medicine division, to form Viatris. [2] Previously, the company was domiciled in the Netherlands, with principal executive offices in Hatfield, Hertfordshire, UK [3] and a "Global Center" in Canonsburg ...