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CEO Who Raised Prices on EpiPen Is Joe Manchin's Daughter
[Free Beacon] Capitol Hill could get awkward in September if the Senate Judiciary Committee calls for Mylan NV CEO Heather Bresch to testify. Bresch’s pharmaceutical company not only hiked the price of the EpiPen by 400 percent, but her father is Democratic Sen. Joe Manchin (W.Va.).Despite Bresch’s family connection to Manchin, she is not being shielded from criticism. Lawmakers from both chambers of Congress believe that the price hike is detrimental to families who need the EpiPen to prevent life threatening allergic reactions, Bloomberg reported. Mylan used to charge $57 per shot for the EpiPen in 2007, but now they are charging over $600 for two auto-injectors. "I am deeply concerned by this significant price increase for a product that has been on the market for more than three decades, and by Mylan’s failure to publicly explain the recent cost increase, which places a significant burden on parents, schools, and other purchasers of the EpiPen," Sen. Mark Warner (D., Va.) said Tuesday in a statement, adding that he has a child with severe allergies. Sen. Richard Blumenthal (D., Conn.), who has asked the company to lower its prices, is holding an event Wednesday where he will call for the Senate Judiciary Committee and the Federal Trade Commission to investigate "potential antitrust violations and deceptive and illegal trade practices," Bloomberg reported. Posted by: Besoeker 2016-08-25 |
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