+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

West Virginia has taken a huge shot at the maker of EpiPen

Sep 20, 2016, 20:44 IST

Mylan CEO Heather BreschFlickr/Center for American Progress

West Virginia is accusing Mylan, the maker of the EpiPen, a life-saving autoinjector used to treat severe allergic reactions, of Medicaid fraud.

Advertisement

Specifically, it's accusing the company of inflating the price of the EpiPen 500%.

The price of the EpiPen (currently $608) caused national outrage earlier this year. Mylan purchased the drug back in 2007 when it cost $100.

That price increase has angered Washington and sent the company's stock plummeting. Rep. Elijah Cummings (D-Maryland) requested a hearing to be held on Wednesday.

The CEO of Mylan, Heather Bresch, is the daughter of West Virginia Senator John Manchin. Obviously that hasn't saved her company from scrutiny, and shortly after the EpiPen pricing scandal began Manchin said that what she did "should be illegal."

Advertisement

More on this as we have it.

NOW WATCH: Australia's new money is literally transparent

Please enable Javascript to watch this video
Next Article