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Wed Aug 31, 2016, 05:27 AM

Senators press Mylan on 'exorbitantly expensive' EpiPen

Source: Reuters

POLITICS | Wed Aug 31, 2016 12:39am EDT

Senators press Mylan on 'exorbitantly expensive' EpiPen

By Diane Bartz | WASHINGTON

Democrat Elizabeth Warren and 19 other U.S. senators voiced concern to the chief executive of Mylan NV (MYL.O) about the high cost of its EpiPen on Tuesday, calling the device used in the case of life-threatening allergies "exorbitantly expensive."

Mylan has been under fire for steadily raising the price of the device from about $100 in 2008 to about $600 currently.

In a letter to Mylan CEO Heather Bresch, the daughter of Senator Joe Manchin of West Virginia, the lawmakers asked the company to spell out the company's programs to provide some people with lower cost EpiPens.

Such discount programs are often an "industry tactic to keep costs high through a complex shell game," the letter said.

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Read more: http://www.reuters.com/article/us-mylan-nl-prices-lawmakers-idUSKCN1152VV

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