Elizabeth Warren and Bernie Sanders join colleagues in signing letter to Mylan CEO Heather Bresch raising concern about reports of a 461% price increaseThe pharmaceutical company Mylan is facing more political pressure to confront the price hike of EpiPen after 20 US senators,including Elizabeth Warren and Bernie Sanders, sent an open letter on Tuesday to the company criticising its “exorbitantly expensive” price hikes.
Reports emerged final week that the company had implemented a series of gradual price increases inflating the price of the drug from $56.64 to $317.82, or a 461% increase in cost since Mylan acquired the rights to EpiPen in 2007. During that same time,Heather Bresch, chief executive officer of Mylan, or saw her pay rise $2453456 to $18931068,a 671% increase. final week, she sold 100200 of her shares in the company for more than $5m.
Related: EpiPen CEO hiked prices on two dozen products and got a 671% pay raise Continue reading...
Source: theguardian.com