Mylan drug has raised the priceof Epi pins to $600.00 or more.
These children
Need these or can DIE
Doctors and patients say the
Mylan pharmaceutical company
has jacked up the prices for an EpiPen
-- the portable device that can stop a
potentially life-threatening allergic reaction -
- from around $100 in 2008 to $600 and up today.
How could anyone invest in a company like this.
I would get out of that stock, ugh!!
They are *#@&%$ money grubbing Bastards.
I hate this GREED. What has happened to the world?
Most people can't afford this. How inhumane of these Drug companies.
The Govt. should fine them. It's a form of extortion. Where's the Justice?
Heather Bresch, now Mylan’s
chief executive officer,
hit on the idea of using
old-fashioned marketing in
part to boost sales among concerned parents of children
with allergies. That started EpiPen, which delivers about
$1 worth of the hormone epinephrine, on a run that’s resulted
in its becoming a $1 billion-a-year product that clobbers
its rivals and provides about 40 percent of Mylan’s operating profits,
says researcher ABR|Healthco. EpiPen
margins were 55 percent in 2014, up from 9 percent in 2008,
ABR|Healthco estimates. It's off the charts. They are Greedy
and don't give a damn about US citizens. The Govt, has to stop
them from this outrageous charging.
There’s Absolutely No Reason Why an EpiPen Should Cost $600
Posted by Yvonne @ La Petite Gallery
Comments are welcome
If I had share holdings in this company, I'd write to them, as a shareholder, expressing my dismay and discontent for this. Yvonne, shareholders can make a difference but they enjoy cashing dividend stock checks. When you say the company is greedy, that's not true. It's the corporate executives AND shareholders who are greedy.
ReplyDeleteIt's not the government's responsibility to monitor profit and losses of corporations; it's the shareholders responsibility.
Anyone who has an IRA or 401K should check their stock...they could easily own Mylan stock and thus be part of the problem.
It's sad. An important drug that could save a life, but you never know when you may need it. Hopefully, never, but it's important to keep a fresh supply of it, just in case. But it has an expiration on it, and imagine the families that have to keep a stock of this? Why does saving a life have to cost so much?
ReplyDelete