Tag Archives: EpiPen

EpiPen maker's $98 million payout is just way too much, shareholders say

Mylan CEO grilled by Congress over EpiPen price hikes EpiPen maker Mylan got a rare scolding from shareholders who are fuming over a $ 98 million pay package for its former CEO. A majority of Mylan shareholders on Thursday rejected the drug company’s 2016 plan for paying its executives. Critics have blasted the plan as outrageous given the controversy over EpiPen price hikes. It’s highly unusual for investors to vote down “say-on-pay” proposals. The Mylan vote signals deep dissension over the $ 98 million in compensation awarded to former CEO ...

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Cigna is no longer covering pricey EpiPen

Cost of life-saving EpiPens up over 400% Cigna, a top health insurer, is dropping coverage of the EpiPen. The lifesaving allergy medication has been a flash point for debates over rising drug costs. Manufacturer Mylan (MYL) jacked up the price of the EpiPen by more than 400% since 2009, and was forced to develop a generic alternative amid national outrage. Cigna now says it will only cover the half-priced generic version, which launched in December. “The generic version, available now in pharmacies, has the same drug formulation and device functionality ...

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Outrageous EpiPen prices lead some people to make their own

Mylan CEO grilled by Congress over EpiPen price hikes A man sits in a dimly lit room and fills a syringe with clear liquid. After a few minutes of combining medical equipment like a puzzle, the YouTube video cuts to footage of him injecting himself. The man is Michael Laufer, a PhD mathematician and one of the creators of the EpiPencil, a device from the hacker group Four Thieves Vinegar Collective. As described in a demo video, the organization aims to democratize pharmaceutical manufacturing and allow people to inexpensively make ...

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Mylan agrees to give EpiPen documents to Congress

Life-saving drugs are getting more expensive Mylan has agreed to fork over documents that will give lawmakers details about the profits the company has made from its EpiPen sales. The House Oversight Committee sent the pharmaceutical company a letter on August 29 requesting more information about EpiPen sales — including how much consumers have been paying for the drug and how much Mylan has profited off EpiPen sales. Let’s block ads! (Why?) Latest financial news – CNNMoney.com

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EpiPen outrage may fuel cheap generic in 2017

Cost of life-saving EpiPens up over 400% Help for parents outraged by skyrocketing EpiPen prices could be coming as soon as next year. A generic alternative for the lifesaving allergy treatment is being developed by Teva Pharmaceuticals (TEVA). The company has indicated the generic treatment may arrive as early as next year, creating a cheaper alternative to EpiPen, which has cornered an estimated 94% of the market. Let’s block ads! (Why?) Latest financial news – CNNMoney.com

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