Overview
This article by Peter Coy is about how the prices of EpiPen changed within 9 years right after Mylan bought EpiPen in 2007. And the article’s primary question is, Is Mylan practicing Corporate Social Responsibility or is the Epipen an opportunity for Mylan?
EpiPen Price
Epinephrine is not expensive; in fact it is very cheap. It cost few cents per milliliter. However, when Mylan bought EpiPen 9 years ago, EpiPen cost about $57 a pair. Suddenly, Mylan raised Epipen price more than 400% within a year, and before Mylan purchased EpiPen, Mylan’s revenues was $200 million as in 2007. In 2015 Mylan revenue exceeds $1 billion. “Now as 2016, Epipen cost more than $600 per pair.” Many senators believe that this price is not fair for the
