Market demand urged the CVS drugstore chain to sell an authorized generic version of Adrenaclick
at just $109.99 per two-pack. Adrenaclick syringes are filled with the epinephrine hormone, which is used to stop anaphylaxis, which is a potentially fatal allergic reaction to insect bites and stings, as well as food such as eggs and nuts. It is thus competing with Mylan’s EpiPen, which became controversial last summer.
The price of the EpiPen, as noted by Congress, had shot up by more than 500 percent since 2007. A panel in Congress grilled Mylan CEO Heather Bresch last year about the cost, which she, in turn, blamed on insurance companies, pharmacy benefit managers, and others who are between the manufacturer and consumers. EpiPen can cost more than $600, and is stocked by schools and parents of children with severe allergies.
CVS Health Corp. cut the price of the generic version of Adrenaclick by nearly half. It is now available at its 9,600 retail pharmacies in the United States, including several locations inside Target stores.
Mylan has responded to consumer complaints and Congressional attention by increasing the financial aid available and launching its own authorized generic at $300 per two-pack. Consumers must be aware of the discount in order to get the cut price.
CVS says that it is charging the same price to those paying with cash without coverage and to consumers who are insured.
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