I think the most surprising thing is how only now this is getting national headlines over the last few weeks. Epipen pricing has been a problem that's been discussed in industry for at least 18-24 months.
If they're saving lives, they should be free. Profit margins shouldn't determine whether one has access to medicine. Also, the basis is bullshit. Pharmaceutical companies, on average, spend more on marketing than actually developing the drugs. But, as I said,your line of explanation is a red herring.
He asked how much they should cost. I don't think they should cost anything. If they must cost money, then they should exceed no more than ten dollars.
Mylan spent just $672 million on R&D last year but still made $850 million in net income. Obviously its R&D isn't that significant an expense. It's total BS when these huge pharma companies claim that.
Not on Mylan's side, but they're mostly a generic company and don't have a huge R&D overhead, purposely.
Pricing in the US is pretty crazy. Over here, a quick search revealed the price to be £45 a pen... It's ridiculous what companies can get away with, and yet no one stops them. Makes you wonder how many people high up are involved in these companies, and making so much money from it that they don't want to stop it.
You read the article and then posted something factually wrong in the thread. Seems like that worked out well. I posted the article.
Yeah that's... not a good analogy? Have you ever been to a supermarket? Consumers have a myriad of food choices at various price points. That's clearly not the case with the Epipen and the inherent point of the outrage.
Between Mylan’s CEO, Heather Bresch, being the daughter of Sen. Joe Minchin. Plus Mylan increasing it’s annual spending on lobbying from $270,000 to $1.2 million. Mylan has effectively become a government-protected monopoly with the FDA’s assistance. In just the last three years, the FDA has, respectively: rejected an application; forced withdrawal from the market; and mandated further testing -- from three different pharmaceutical companies’ rival products, effectively eliminating any competition to the EpiPen for the foreseeable future.
I have tried to use coupons (prob not the one you're talking about) and they won't let me use them because I have insurance? I don't know if it'll help but thanks, I'll keep an eye out for it.