+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

LIVE: Mylan CEO Heather Bresch confronts a furious Congress about EpiPen's price hike

Sep 21, 2016, 23:35 IST

Advertisement
Greg Friese via Flickr

Heather Bresch, the CEO of Mylan - which makes the EpiPen - is testifying in front of the House Oversight and Government Reform Committee Wednesday afternoon at 2 p.m. about the drug's price.

The price device, used in emergencies to treat severe allergic reactions, has increased more than 500% since Mylan acquired it in 2007. A two-pack of the EpiPen now has a list price of $608.

In her prepared testimony released ahead of the hearing, Bresch gave a background on Mylan as a company, and addressed some of the controversy around the rising price.

"Looking back, I wish we had better anticipated the magnitude and acceleration of the rising financial issues for a growing minority of patients who may have ended up paying the full [list] price or more," Bresch said in her testimony. "We never intended this."

You can watch the whole thing live here.

Advertisement

The congressmen are going to have a lot of questions for Bresch, who will be testifying alongside FDA deputy director Dr. Doug Throckmorton. In her defense, she says the company is implementing a number of programs to help patients pay for EpiPens.

NOW WATCH: KRUGMAN: Free markets won't solve the problem driving EpiPen prices higher

Please enable Javascript to watch this video
You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article