Posted on 08/22/2018 3:04:17 PM PDT by 2ndDivisionVet
On August 16, the U.S. Food and Drug Administration gave the green light to Teva Pharmaceuticals USA ($NYSE:TEVA) to produce the first generic version of EpiPen, the portable epinephrine (adrenaline) device carried by millions for severe allergic episodes. It will also produce a generic version of EpiPen Jr. which is used on children who weigh 33 to 66 lbs.
The announcement comes while there is a nationwide shortage of EpiPens — right when schools are getting back in session — to which the FDA also announced an extension on expiration dates for certain lots of the drug.
Currently, those who need an EpiPen for life-threatening allergy or asthma attacks could instead buy Adrenaclick, its private label competitor, or use several "authorized generic" versions that are the same as the brand-name drugs but does not use the brand in its packaging. What Teva will do with its generic alternative, in theory, is help further drive down the price consumers (and health insurance companies) will pay for the drug.
In their own public statement, Teva said that it is "applying its full resources to this important launch in the coming months." According to our database, they seem to also be looking for an important resource in launching their generic drug: human capital....
(Excerpt) Read more at media.thinknum.com ...
Here’s hoping the free market brings the price down.
Meanwhile, "Palestinians" have invented a child safety tab for suicide belts.
It's all about marketing and I hope they beat the hell out of the little pi** pot who jacked the prices.
Really. What was the jacked up price? $150 or some such ridiculous amount?
I recall a $600 figure mentioned last Autumn.
For a dollar’s worth of adrenaline and maybe another dollar’s worth of plastic and metal for the injector.
Went from $100 for a two pack to $600 for the same.
Wasn’t it the daughter of some Dem senator?
Manchin.
Thanks. I should have said “The CEO of the epipen extortion company was the daughter...”.
This is EXACTLY how a free market responds to and fills a need.
I paid $280 for two generic epi-pens last month.
Here’s an advertisement for a ten-pack of injectable epinephrine for $150. That’s $15 per injection.
https://www.healthwarehouse.com/epinephrine-0-1mg-ml-syringe-10ml-10ct.html
Sounds like an injection is the amount intended for emergency use.
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