Mylan making new, generic EpiPen for half price

[anoNY42]

NYT link: http://www.nytimes.com/2016/08/30/business/mylan-to-offer-a-generic-epipen-at-half-the-price.html?_r=0

So Mylan is making a generic epipen that is half the price but still identical to the original. So the extra money for the original must be all profit for Mylan, right? (excepting advertising costs, I suppose)

[KeepItReal]

1. At $300 that's still a 300% increase in price for Americans

Everyone is tweeting about the price cut and still miss the fact that every other country pays less than $100 for these devices.

[dembotoz]

3. Do we get an American flag on the wrapper,???

[a kennedy]

5. Right, like we're supposed to be soooooooo thankful that it still is out of reach for some??

WTH???? from 100 to 300 dollars oh yah, thanks so much.

[KittyWampus]

2. Adrenaclick already provides the same drug via auto-injector for a fraction of the cost

Last edited Mon Aug 29, 2016, 04:15 PM - Edit history (1)

[Igel]

9. You're distracting from the real issue.

We're outraged and don't want solutions, we want indignation and, if possible, crushing humiliation. (That's our "chill pill.&quot

[bluesbassman]

6. Wonder if Heather is in some stockroom scratching off the Mylan logos with a razor blade.

That would certainly be worth $18,000,000 a year.

[KeepItReal]

8. She's actually rolling around in $5 million cash from stock sold

She sold stock on Aug 9...

Analysts in June said there was a risk Mylan could be seen negatively, like the Pharma Bro, over its price hikes...

Mylan CEO sold $5m worth of stock while EpiPen price drew scrutiny

http://www.theguardian.com/business/2016/aug/27/mylan-ceo-sold-stock-epipen-price-hike-heather-bresch

[bluesbassman]

10. How effen convienient.

10b5 plan or not, smacks of insider trading. She certainly is a piece of work.

[whistler162]

12. Wonder if she knew of the price increase?

If so did she sell within the allowed time frame? SEC could be interested.

[KeepItReal]

13. She's been implementing the price increases over time.

The issue is once they started getting analysts saying the company could be perceived as price gouging, she started selling stock.

Probably not illegal, since the analysis was published.

Just looks bad.

[ananda]

7. Ugghhh

That's still WAY too much!

REGULATION !!!!!

[Wounded Bear]

11. Typical...

Jack the price by 500%, then offer a "half-price" generic that is still more than twice the price of the original.