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Old 08-25-2016, 10:59 AM   #1
UK2K
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Default The Senatorís Daughter Who Raised Prices on the EpiPen

Thoughts?

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Members of Congress are in an unusual position as they demand an explanation for Mylan NVís 400 percent price hike for the EpiPen and focus attention squarely on its CEO: Heather Bresch.

If lawmakers follow the usual script, Bresch could get called up to Capitol Hill next month to explain her companyís justification for raising the price on the life-saving allergy shot. But that could be awkward, since sheís the daughter of Democratic Senator Joe Manchin of West Virginia.

The scrutiny on EpiPen intensified Wednesday after Democratic nominee Hillary Clinton called the price increase ďoutrageous,Ē sending Mylanís stock down as much as 6.2 percent. The intense political pressure could lead regulators to speed up their review of a rival product by Teva Pharmaceutical Industries Ltd., according to some analysts, or force Mylan to curb prices -- in both cases hurting revenue and profits.

The Mylan controversy fits a similar pattern. Mylan has increased the price of its EpiPen from about $57 a shot when it took over sales of the product in 2007 to more than $600 for two auto-injectors. But the companyís EpiPen is a more mainstream drug used to treat life-threatening allergic reactions from bee stings, food allergies or other triggers, which could give the issue a larger constituency.

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"EpiPen prices aren't the only thing to jump at Mylan," NBC News reported. According to Securities and Exchange Commission filings, Bresch's total compensation went from $2,453,456 to $18,931,068 from 2007 to 2015. That's a striking 671 percent increase. That period coincides with the time when Mylan acquired the rights to EpiPens and steadily hiked the average wholesale price from about $55 to $320.
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Old 08-25-2016, 11:06 AM   #2
Hawker
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Default Re: The Senatorís Daughter Who Raised Prices on the EpiPen

British company using US' unregulated prices to fund R&D that benefits Europe and other countries.
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Old 08-25-2016, 11:20 AM   #3
East River Livn'
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Default Re: The Senatorís Daughter Who Raised Prices on the EpiPen

You can't hold people, even politicians, responsible for family member's actions. Friends maybe, but you only have one family and you take the hand God dealt you.

End of story.
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Old 08-25-2016, 11:21 AM   #4
UK2K
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Default Re: The Senatorís Daughter Who Raised Prices on the EpiPen

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Originally Posted by East River Livn'
You can't hold people, even politicians, responsible for family member's actions. Friends maybe, but you only have one family and you take the hand God dealt you.

End of story.

Wasn't really about the Senators Daughter.... that was just the first article I googled.

It was more about increasing her salary 671% and increasing the product cost 500% (as well as sending the stock price sky high).

I believe the political angle came from the fact that this sort of behavior is currently under scrutiny and congress is debating ways to regulate it.
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Old 08-25-2016, 11:42 AM   #5
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Default Re: The Senatorís Daughter Who Raised Prices on the EpiPen

White people.
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Old 08-25-2016, 12:12 PM   #6
DonDadda59
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Default Re: The Senatorís Daughter Who Raised Prices on the EpiPen

Not even President yet and already exercising her influence to make changes for millions of average Americans.
Mylan listens to Hillary Clinton and cuts EpiPen price
Company had increased cost of allergy device to $600 for two shots

Mylan said it would take immediate action to cut the cost of its EpiPen emergency allergy shot following pressure from politicians including US presidential candidate Hillary Clinton, who called previous price increases ďoutrageousĒ on Wednesday.

Mylan will expand already-existing programmess to help people with high out-of-pocket expenses, according to a statement on Thursday.

Chief executive Heather Bresch was quick to respond to the mounting political scrutiny, days after US politicians started to express outrage about rising prices of the allergy shot and called for investigations.

The criticisms, topped by US Democratic nominee Clintonís statement on Wednesday, had sent the shares down 11 per cent in just three days.

The stock pared some of the losses Thursday in early trading, and was up 3.7 per cent to $44.76 early on Thursday.

http://www.irishtimes.com/business/h...rice-1.2768342
Customers will be able to get a 50% discount. But Madame President is not content.
Mylan's EpiPen discounts are 'insufficient' -Clinton spokesman

WASHINGTON, Aug 25 (Reuters) - Mylan NV's move on Thursday to expand discount programs for its EpiPen allergy treatment was welcome but not sufficient, a spokesman for U.S. Democratic presidential candidate Hillary Clinton said in a statement.

"Discounts for selected customers without lowering the overall price of EpiPens are insufficient, because the excessive price will likely be passed on through higher insurance premiums," Clinton campaign spokesman Tyrone Gayle said. "Since there is no apparent justification for the price increase, Mylan should immediately lower the overall price of EpiPens." (Reporting by Susan Heavey; Editing by Mohammad Zargham)

http://news.trust.org/item/20160825153727-n5ins/
Compassionate, yet ruthless at the same time. The soon-to-be Leader of the Free World, ladies and gentlemen.
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Old 08-25-2016, 12:27 PM   #7
UK2K
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Default Re: The Senatorís Daughter Who Raised Prices on the EpiPen

Quote:
Originally Posted by DonDadda59
Not even President yet and already exercising her influence to make changes for millions of average Americans.
Mylan listens to Hillary Clinton and cuts EpiPen price
Company had increased cost of allergy device to $600 for two shots

Mylan said it would take immediate action to cut the cost of its EpiPen emergency allergy shot following pressure from politicians including US presidential candidate Hillary Clinton, who called previous price increases “outrageous” on Wednesday.

Mylan will expand already-existing programmess to help people with high out-of-pocket expenses, according to a statement on Thursday.

Chief executive Heather Bresch was quick to respond to the mounting political scrutiny, days after US politicians started to express outrage about rising prices of the allergy shot and called for investigations.

The criticisms, topped by US Democratic nominee Clinton’s statement on Wednesday, had sent the shares down 11 per cent in just three days.

The stock pared some of the losses Thursday in early trading, and was up 3.7 per cent to $44.76 early on Thursday.

http://www.irishtimes.com/business/h...rice-1.2768342
Customers will be able to get a 50% discount. But Madame President is not content.
Mylan's EpiPen discounts are 'insufficient' -Clinton spokesman

WASHINGTON, Aug 25 (Reuters) - Mylan NV's move on Thursday to expand discount programs for its EpiPen allergy treatment was welcome but not sufficient, a spokesman for U.S. Democratic presidential candidate Hillary Clinton said in a statement.

"Discounts for selected customers without lowering the overall price of EpiPens are insufficient, because the excessive price will likely be passed on through higher insurance premiums," Clinton campaign spokesman Tyrone Gayle said. "Since there is no apparent justification for the price increase, Mylan should immediately lower the overall price of EpiPens." (Reporting by Susan Heavey; Editing by Mohammad Zargham)

http://news.trust.org/item/20160825153727-n5ins/
Compassionate, yet ruthless at the same time. The soon-to-be Leader of the Free World, ladies and gentlemen.

Unless she wants her dad to die mysteriously... she has to fall in line.

Its ironic though the last time someone did this (that Martin dude?) It was front page news. Now? Eh... page 6.
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Old 08-25-2016, 12:29 PM   #8
DonDadda59
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Default Re: The Senatorís Daughter Who Raised Prices on the EpiPen

Quote:
Originally Posted by UK2K
Unless she wants her dad to die mysteriously... she has to fall in line.

Compassionate... Yet RUTHLESS

Quote:
Its ironic though the last time someone did this (that Martin dude?) It was front page news. Now? Eh... page 6.

The common, mouth-breathing American likes reading/watching buffoonery and the ever-increasing idiocracy. Real, substantial and far-reaching change isn't sexy. But it matters.
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