Posted on 08/25/2016 12:28:27 PM PDT by amorphous
Makers of the EpiPen auto-injector said they would offer a 50 percent discount after public outrage over a 500-percent price hike. Hillary Clinton was among those calling for the price reduction – and her supporters were quick to give her all the credit.
EpiPen administers a quick dose of epinephrine to counter a severe, life-threatening allergic reaction known as anaphylaxis. The easy-to-use injector is made by West Virginia-based Mylan Pharmaceuticals, which bought the rights to it in 2007. Since then, the price of the EpiPen has skyrocketed, going from $100 to $600.
On Thursday, Reuters seemed to give Clinton the bulk of the credit for Mylan’s decision. The pro-Clinton advocacy group Correct the Record called the pharmaceutical company’s surrender an example of Hillary being a “progressive who gets things done.”
As the price of EpiPens rose, so did the company’s stock price, going from $13.29 a share in 2007 to a high of $47.59 this year. Bresch also saw her compensation go up 671 percent in the same time period, from $2.4 million to $18.9 million, NBC News reported.
Increased scrutiny of the company over the past few days has revealed that Bresch is the daughter of Senator Joe Manchin (D-West Virginia) and that Mylan has been a donor to the Clinton Foundation. The company’s political outreach led to a 2013 law encouraging the use of EpiPens in schools around the US, leaving the taxpayers to foot the bill.
Mylan’s decision to offer a 50 percent discount follows the playbook of Martin Shkreli’s Turing Pharmaceuticals, which discounted the anti-parasitic drug Daraprim to $375 per pill after last year’s outrage over price hikes. Doctors have pointed out that the new price is still 2,500 percent more than Daraprim, which is prescribed to AIDS and cancer patients, used to cost before its acquisition by Shkreli.
And the CEO is a huge Clinton Foundation donor....
And daughter of a democrat senator.
The Brits are doin’ a heck-of-a-job Brownie too.
And alternative media; just about everyone except our very own presstitutes.
Our media for the most part is an joke and a mouth piece for their political views.. They report their views as fact and when I see the likes of CNN , NBC etc all talking about how Trump called Clinton a bigot while never going into the facts of her having a server in her basement, sending classified information over it and then lying about it, then lying about Benghazi to the parents, then lying about her foundation, and taking money off oppressive countries then it pisses me off where no words can describe.
Gee 1/2 off? Mighty white of the senators daughter humm? They still get +200 profit.
It is an amazing turn of events when Russian sources are better than US.
Manchin’s daughter made millions on the Epipen scam.
She wasn’t the only one.
Getting the government to mandate your product is very profitable.
Much has changed, even in just five years.
Apparently, PharmBro is not the only Pill-Pirate out there.
alt-media
...and a nasty b-*tch who’s always been in over her head.
Their stock’s gone tumbling last 48 hrs. Unfortunately the PR dash may have buoyed it somewhat.
Typical government-style BS though - raise the price then offer a ‘discount’ without reverting back to the original price. When the outrage dies so will the discount.
are there other epinephrine auto-injectors available? And if not, why not? Hasn’t epipen been around for 25 years or more?
I need these personally. It’s disgusting. This woman didn’t have an MBA, lied, and of course WVU fabricated records to bail her out.
She starts off with a 2 MILLION dollar salary which has grown by 600%.
Burn D.C. to the ground.
This type of profiteering could be stopped quick with the ability to buy and import drugs from outside the US.
they’re making a $590 profit for a fancy container that shields the syringe (hazmat stuff):
medical supplies, to licensed purchasers only, $9.49 per:
http://www.buyemp.com/product/epinephrine-prefilled-syringe
Do you think the Nazi journalists in Germany bothered telling the truth? Why would the Nazi democrats be any different?
This was the plan all along.Take it to 600.00,wait for the outrage ,then GRACIOUSLY take it down to 300.00 ..They still get a huge one time increase.Wait a few years ,then do it again.
But you don’t understand; they aren’t looking to profiteer off individuals of the public, they want to nail every school in the nation for $600+ every two years - that’s a boatload of money, and they can’t do that unless they raise the price.
Buying from outside the US won’t happen - US schools will of course buy domestically. (Washing public money through the schools and into the Clinton foundation.)
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