Hillary Clinton blasts 'outrageous' explosion in EpiPen pricing
Andrew Harnik/AP Photo
EpiPen auto-injectors are life-saving devices for people who have severe allergies that could lead to anaphylactic shock. While the drug contained in EpiPens is cheap, the device itself, which is designed to be user-friendly and immediately dispense the correct dosage of the drug, is exorbitantly expensive.
"Over the last several years, Mylan Pharmaceuticals has increased the price of EpiPens by more than 400%," Clinton noted in the statement. "They're now charging up to $600 for a two-EpiPen set that must be replaced every 12-18 months. This both increases out-of-pocket costs for families and first responders, and contributes to higher premiums for all Americans and their employers."
The statement called the price hikes "outrageous."
"I believe that our pharmaceutical and biotech industries can be an incredible source of American innovation, giving us revolutionary treatments for debilitating diseases," Clinton said. "But it's wrong when drug companies put profits ahead of patients, raising prices without justifying the value behind them."
Clinton called on Mylan to "immediately reduce the price of EpiPens" and noted her plan to require pharmaceutical manufacturers to "prove that any additional costs are linked to additional patient benefits and better value." Clinton said there was "no apparent justification" for the high price of EpiPens.
Price increases have helped transform the EpiPen into a billion-dollar business despite it being a decades-old product. A lack of competition has allowed the rapid increase in price - patients simply don't have many other options.
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- 2 states where home prices are falling because there are too many houses and not enough buyers
- "To sit and talk in the box...!" Kohli's message to critics as RCB wrecks GT in IPL Match 45
- 7 Nutritious and flavourful tiffin ideas to pack for school
- India's e-commerce market set to skyrocket as the country's digital economy surges to USD 1 Trillion by 2030
- Top 5 places to visit near Rishikesh
- Indian economy remains in bright spot: Ministry of Finance
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market