Upcoming Webinars Archived Webinars Training Vitals Host A Webinar About Get Updates Contact

Mylan Launches Generic EpiPen Priced at $300 for a Two-Pack

XTALKS VITALS NEWS

EpiPen

According to Mylan, the auto-injector is being sold at a wholesale acquisition cost (WAC), which is over 50 percent less expensive than the WAS of the branded EpiPen.

Share this!

December 19, 2016 | by Sarah Hand, M.Sc.

In an attempt to quell some of the drug pricing outrage that has surrounded the EpiPen, Mylan has released the first authorized generic of the device, priced at $300 for a two-pack of epinephrine injectors. According to Mylan, the auto-injector is being sold at a wholesale acquisition cost (WAC), which is over 50 percent less expensive than the WAS of the branded EpiPen.

The authorized generic is expected to hit pharmacies this week, with the same drug formulation and medical device design that users are familiar with. The EpiPen is used to treat anaphylaxis in patients with severe allergies, and has been on the market for almost 30 years.

“Americans are rightfully concerned about rising drug prices, and now more than ever patients and families across this country are standing at the pharmacy counter struggling to pay for their medications,” said Mylan CEO Heather Bresch in a press release issued by the company. “While it is important to understand the outdated and complex system that determines what someone pays for medicine in the U.S., hardworking families don't need an explanation, they need a solution.



“This is why we took decisive action with our EpiPen product and have launched the first generic version at half the WAC price. This unprecedented action, along with the enhancements we made to our patient access programs, will help patients and provide substantial savings to payors.”

Mylan plans to dedicate a salesforce of 275 representatives to sell the generic EpiPen. The company has also launched a savings card which will provide up to $25 in savings in out-of-pocket costs for eligible patients with commercial health insurance.

“As one of the world's largest generics companies, our medicines filled one out of 13 of all prescriptions in the U.S. last year – the equivalent of 21 billion doses – which is more than Pfizer, Merck, AstraZeneca, J&J, Sanofi and GSK combined,” continued Bresch. “We will continue to do our part to fight for changes that will make a difference in the lives of patients and remain deeply committed to serving patients in the severe allergy community by working to ensure that everyone who needs an EpiPen has access to one.”


Keywords: EpiPen, Generic, Drug Pricing


| NEXT ARTICLE | MORE NEWS | BLOGS | VIDEOS | POLLS & QUIZZES | WEBINARS |

Share this with your colleagues!

MORE NEWS
German Merck Launches Spinoff Immuno-Oncology Company

June 22, 2017 - Merck KGaA has announced the launch of iOnctura SA, a new immuno-oncology company built around two assets from the Healthcare R&D portfolio of the pharmaceutical company.

Featured In: Biotech News


Ikea Promotes Food Products by Offering Fill-in-the-Blanks Recipe Sheets

June 21, 2017 - In an effort to promote the company’s food business, Ikea recently launched a set of recipes printed on parchment paper that encourage consumers to “fill-in-the-blanks” with ingredients, fold the paper and cook the bag in the oven.

Featured In: Food News


Nanomaterial Promotes Bone Growth after Spinal Fusion Surgery

June 21, 2017 - Researchers at Northwestern University have developed a bioactive nanomaterial capable of effectively stimulating bone regeneration after spinal fusion surgery.

Featured In: Life Science News


LEAVE A COMMENT
 
  
THE XTALKS VITALS INDUSTRY BLOG

Top 5 Most Impactful Tweets in Drug Development During the Last Week

REGISTER FOR THESE WEBINARS

Serialized? Yes. But are Products Still Being Diverted?


Quantitative Protein Profiling in FFPE to Characterize Toxicities Associated with Immune Checkpoint Inhibitors


Are You Choosing the Right Model? A Guide to Selecting Your Next Immuno-Oncology Model


Imaging-based Subtypes of Pancreatic Cancer


Copyright © 2016-2017 Honeycomb Worldwide Inc.