Why Are We Paying $300 for an EpiPen That Holds Only $1 Worth of Medicine?
August 30, 2016
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6:59Now PlayingWhy Are We Paying $300 for an EpiPen That Holds Only $1 Worth of Medicine?
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as posted by the channelIn 2007, the wholesale price of the EpiPen in the U.S. was $57. Less than a decade later, the lifesaving drug now costs over $300. Each EpiPen reportedly contains only $1 worth of medicine. Mylan has a near monopoly in the U.S., and the company has seen its profits from the EpiPen alone skyrocket to $1 billion a year. Meanwhile, Mylan CEO Heather Bresch’s total compensation has spiked from around $2.5 million in 2007 to almost $19 million today. In response to the price hikes, the consumer advocacy group Public Citizen and its allies will deliver a petition signed by approximately 600,000 people to Mylan’s headquarters in Canonsburg, Pennsylvania, today demanding further price cuts. For more, we speak with Peter Maybarduk, director of Public Citizen’s Global Access to Medicines Program. And we speak with Ashley Alteman, who runs a website called SmashleyAshley.com, where she has just posted an open letter to Mylan CEO Heather Bresch.
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