Page 13 - Mylan EpiPen
P. 13
In October 2016, Mylan announced a settlement with the
DOJ over rebates paid by Mylan to states under the
Medicaid Drug Rebate Program. Mylan agreed to pay a $465
million payment.
Also in October 2016, the Heather Bresch testified to a
congressional committee that Pfizer/King charged Mylan
about $34.50 for one device. Furthermore, Bresch said
Mylan’s profit was $100 for a two-pack of the injectors,
despite a $608 list price.
This $100 profit figure appeared to be questionable and a
few days later the company admitted that it had
substantially affected its calculation of EpiPen profits by
applying the statutory U.S. corporate tax rate of 37.5%- five