Members of the U.S. House Committee on Oversight & Government Reform penned a letter to Mylan (NSDQ:MYL) demanding a more complete look at the pricing of its EpiPen epinephrine auto-injector.
At a Sept. 21 congressional hearing, Mylan CEO Heather Bresch testified that the company makes a $100 profit per 2-pack of EpiPens. Last week, Mylan clarified that its operating profit is actually $166 before taxes and that the number it presented before the Senate reflects the U.S. statutory rate of 37.5%.
The Canonsburg, Pa.-based company has been under fire since August, when reports revealed that it has raised the price of its EpiPen product by more than 500% since 2007. Bresch maintained that the problem stems from a system involving wholesalers, pharmacies, and pharmacy-benefit managers, who each take a cut of every prescription.
Get the full story at our sister site, Drug Delivery Business News.
The post Committee pens letter to Mylan demanding EpiPen price info appeared first on MassDevice.
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