Page 7 - Mylan EpiPen
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Heather Bresch – Strategic Development
On becoming Mylan’s CEO in 2012, Heather Bresch saw an
opportunity to capitalise on the nearly fifty-year-old EpiPen,
acquired from Merck in 2007 which had sales of around
$200m.
Her chosen strategy was predicated on marketing and
advocacy, launching a marketing campaign to increase
awareness of the dangers of anaphylaxis and to facilitate
EpiPen becoming the industry generic trademark. Mylan
also successfully lobbied both the FDA to broaden the label
to include risk of anaphylaxis and Congress to generate
legislation making EpiPens available in schools and in public
places similar to that for defibrillators. The result was that
Mylan's EpiPens rapidly gained market dominance.
In 2013 president Barak Obama passed legislation that
helped public schools build up emergency supplies of
EpiPens. Before the price hikes broke, prescriptions for
EpiPens had been steadily increasing since 2013 - peaking
every year in August, when parents of children with severe
allergies typically stocked up on the life-saving devices for
use in schools.
By the first half of 2015, Mylan had an 85% market share
(EpiPen devices) in the US with sales of around $1.5bn
accounting for 40% of Mylan's profit. However, those profits
were also due in part to Mylan's continually raising the price
of EpiPens starting in 2009.