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Mylan says it will expand programs that lower EpiPen costs

The incredible increase in the cost of EpiPens, auto-injectors that can stop life-threatening emergencies caused by allergic reactions, has hit home on Capitol Hill.

Blumenthal is just one of several lawmakers who have called for investigations into Mylan's business practices and have asked for justifications of its price increases in recent days. Mylan's CEO, Heather Bresch, is the daughter of another US senator, Joe Manchin, D-W.Va.

Klobuchar, whose daughter carries an EpiPen, cited news reports that the cost of a two-pack of EpiPen increased from $100 in 2009 to $500 today - with some reports of up to $600 - in a letter asking the Federal Trade Commission to investigate possible antitrust violations by Mylan. Our health care is in crisis. What was the company's reasoning and is there any help you can get with the cost of the medication? In a twist, though, the FDA rejected the generic, and the EpiPen's one major alternative was pulled from pharmacies due to reliability issues, leaving Mylan with an unexpected monopoly that it is now profiting from.

The company on Thursday announced changes to increase rebates to eligible consumers that'll lower what they pay out of pocket for the devices; according to CNBC, the reduction will come though through the use of a savings card that will cover up to $300 for the EpiPen 2-Pak.

In a statement released Monday, Mylan did not directly address pricing strategy but said it is proud of the programs it has implemented to support access to epinephrine, including a patient assistance program and a program that provides free EpiPens to USA schools.

Sarah Jessica Parker blasted the company that manufactures EpiPens after it raised the price of the drug by almost 500 percent over the last seven years.

"Thus we are basically rolling back the increase of the past year", he said.

It's unclear how the EpiPen savings cards will be given to customers or if there's a time limit on how long they can be used.

FARE said another brand of auto-injector (Auvi-Q) was withdrawn from the market late previous year, and the U.S. Food and Drug Administration recently rejected applications by two others manufacturers (Teva and Adamis) to introduce products.

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Mylan N.V. said it's doubling eligibility for its patient assistance program, which it said will get rid of out-of-pocket costs for uninsured and underinsured patients and families.

Sen. Amy Klobuchar (D-Minn.) also revealed this week that her own daughter relies on EpiPen to prevent severe allergic reactions.

While the price of EpiPen has climbed dramatically, this spike has been outpaced by the salaries of top executives.

A total of £3.7bn was wiped off the value of the UK's major drugs stocks after comments by presidential hopeful Hilary Clinton that hinted a crackdown on the major pharmas for what the Americans call price gouging. "Since there is no apparent justification for the price increase, Mylan should immediately lower the overall price of EpiPens".

Manchin says he plans to work with others to reduce prescription drug prices. "We went around the system".

McMahon, who developed the device, said it requires a couple more steps than the EpiPen but has been tried by patients who found it simple to use.

"No one is more frustrated than me", Bresch responded.

For many people, an EpiPen is the most essential accessory they have with them every day.

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