Epinephrine is a small molecule and generic forms have been available for years. We just need an affordable, FDA-approved autoinjector to effectively compete with brand name EpiPen.Biosimilar drugs (i.e. biologic generics) are finally starting to come to market. There will be competition for the Epipen pretty soon.
Members of Congress are in an unusual position as they demand an explanation for Mylan NVs 400 percent price hike for the EpiPen and focus attention squarely on its CEO: Heather Bresch.
If lawmakers follow the usual script, Bresch could get called up to Capitol Hill next month to explain her companys justification for raising the price on the life-saving allergy shot. But that could be awkward, since shes the daughter of Democratic Senator Joe Manchin of West Virginia.
While Breschs family ties may mute the ire of some lawmakers, others are already asking the company about taxpayers having to foot the bill for these price increases -- particularly after Bresch and the company successfully pushed legislation to encourage use of the EpiPen in schools nationwide.
Mylan is the latest drugmaker to provoke congressional ire for steep price hikes. Martin Shkreli and executives from the company he used to lead, Turing Pharmaceuticals AG, and executives from Valeant Pharmaceuticals International Inc. were called before congressional committees earlier this year to explain why they bought the rights to older drugs that lacked competition and raised the prices.
http://www.bloomberg.com/politics/a...hter-who-raised-prices-on-anti-allergy-epipenBut Breschs connections to Capitol Hill already have some lawmakers tiptoeing around the usual Washington blame game.
For example, Blumenthal, a member of the Senate Judiciary Committee and a co-sponsor of the 2013 schools bill, asked Bresch in a letter Monday to explain the shocking price increases.
However, in an interview Tuesday, he was less eager to talk about Bresch herself or the prospect that she might soon be testifying to the committee.
He initially answered during one telephone call that he was unaware that she had any direct involvement in the pricing. Then, in a follow-up call, Blumenthal responded when asked again about the possibility of her coming before Congress by saying, I am just not going to comment on that.
Bresch, 47, has been CEO of Mylan since 2012 and previously held other senior posts at the company, including as head of government relations. Last year, she had to defend the company after it moved its corporate address overseas to lower its U.S. taxes in a transaction known as an inversion. Now incorporated in the Netherlands, its principal executive office is in Canonsburg, Pennsylvania.
in a real free market patents wouldn't be a thing.Do they have a patent on this? The free market solution should be that someone produces a generic drug (as a competitor) at sane prices. If a patent makes that impossible, this is more an issue with the government giving out monopolies for free.
The patent on the drug expired a century ago. The patent on the EpiPen injector expired decades ago. There's no alternative EpiPen because of:
1. Collusion (implicit or explicit) between pharmaceutical companies,
2. Congress's 2003 provision that prohibited negotiation of drug prices (by Medicare), and
3. The FDA's high testing requirements for alternatives.
Negotiation of drug prices has nothing to do with why there is no competitive epinephrine autoinjector.
my little brother depends on having these around. It really disgusts me to see this happen.
This is the only bright light to my unexpected unemployment.
I was put on Medicaid (Thanks Obama! No, really) 2 for free compared to several hundred for one? I'm in there. There used to be generics, but no longer.
It's been said already in this thread, but damn, we need price controls for drugs. This can't be allowed to happen, it's disgusting. People need this shit, it's not something you try and profit from.
its a goddamn medicine not a "product" that someone can choose to use
From the link:
Basically, without training the non-autoinjector alternative can be fatal. So not really, no.
Beyond that, "Mylan has taken some exceptionally large price increases in 2016," Wells Fargo senior analyst David Maris wrote in a report in June.
"Mylan has raised the prices more than 20 percent on 24 products, and more than 100 percent on seven products," Maris wrote.
He warned that the Netherlands-based drugmaker — whose CEO Heather Bresch saw her compensation increase by nearly 700 percent from 2007 to 2015 — could draw "greater regulatory scrutiny and headline risk" as a result of such price boosts.
They include a stunning 542 percent increase for the drug ursodiol, which is a generic medication used to treat gallstones.
Maris also flagged a 444 percent increase in another generic drug, metoclopramide, which is commonly used to treat GERD, or gastroesophageal reflux disease as well as gastroparesis. Dicyclomine, a drug used to treat irritable bowel syndrome, had its price jacked up by 400 percent by Mylan.
.Heather Bresch said:You mean, we can kill poor people and make a fierce buck doing it?
What have we been waiting for?
love that capitalism
If hell exist, there's a special spot already reserved for Bresch and her ilk.
If a company wants to increase the price of a product they have acquired, that is within their rights. If there was a company that was selling an Aston Martin at the price of a bicycle, and we buy that company and we ask to charge Toyota prices, I dont think that that should be a crime. God bless the free market
I'd imagine you'd have to be to get elected as a Democrat in West Virginia.Manchin was always a bit of a prick.
Time of a class action lawsuit. As someone with food allergies this really pisses me off.
It's been said already in this thread, but damn, we need price controls for drugs. This can't be allowed to happen, it's disgusting. People need this shit, it's not something you try and profit from.
Does the medicine really "expire"? I often think that's corporate bullshit.
It's rare that you can so easily take the measure of a man with just a few words. Thank you.
Wow, there really is a defense force for everything. Your explanations are full of shit, btw.If the company failed to maximize investor profits there would be a class action lawsuit...from the shareholders (ie pension funds and the like).
This isn't a drug. It's the injector that commands the high price because people don't want to use syringes. The drug is relatively cheap.
Yes. Medicine will lose its effectiveness over time.
If the company failed to maximize investor profits there would be a class action lawsuit...from the shareholders (ie pension funds and the like).
This isn't a drug. It's the injector that commands the high price because people don't want to use syringes. The drug is relatively cheap.
Yes. Medicine will lose its effectiveness over time.
You guys realize ambulances carry expired drugs right? Drugs can be okay even years after the date. You just need to google to see what they are.
He's just stating truth, not making value judgments.Wow, there really is a defense force for everything. Your explanations are full of shit, btw.
This isn't a drug. It's the injector that commands the high price because people don't want to use syringes. The drug is relatively cheap.
http://www.bloomberg.com/news/artic...atients-epipen-costs-after-political-pressure
They are lowering the costs a bit due to the heat
Libertarian GAF will surely be in here soon to tell us why this is a good thing!
http://www.bloomberg.com/news/artic...atients-epipen-costs-after-political-pressure
They are lowering the costs a bit due to the heat
This reminds me that my pens have expired, luckily I get them through the NHS at no charge so shouldn't be a problem. But wow fuck the pharmaceutical industry with this ultra-greed profiteering shit.
PHARMA CEO GAVE HERSELF AN $18 MILLION RAISE AFTER HIKING EPIPEN PRICES
Gotta pay for that raise somehow. But if this is how like republicans are. Raising the prices on the poor to support taxcuts and raises for the wealthy and businesses will mean economic prosperity for all.
there's a conservative saying over here:
"first you have to make the cake grow to divide it"
they never divide it
LoL
America the land of the free... I think I'll stay in the UK and get health care for 'free' and only pay a max of like £8 for a one off prescription..
Awkward...
How does she have a job, or her father in the Senate, after she lied about having an MBA from West Virginia and then an investigation finding that grades were added to her transcript after the fact to make it look like she finished her degree, all while her dad just happened to be governor. Fucking A.
Heather says the three tenets of her success have been hard work, perseverance, and passion. She’s passionate about two things. “For me there’s just work and family. There’s nothing in the middle,” she says. “There is no exact balance—it is a juggling act.”