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
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