Price Inflation In The Epipen

1986 Words 8 Pages
EpiPens are arguably one of the most important devices for those to carry who suffer from life-threatening allergies. Recent issues of price inflations revolving around the EpiPen have been beginning to surface in the media. This certain inflation has made the public more aware of the pharmaceutical world and the loopholes of pricing. The issue of pricing in the pharmaceutical world is nothing new, but is also not very publicly known. Big name companies have been increasing their prices over the years to the point of being almost impossible to afford without the aid of financial assistance programs or insurance. Mylan Pharmaceuticals is one of those big name companies with a near monopoly on their auto-injector device, the EpiPen. Mylan pharmaceuticals …show more content…
These patients could not afford a device filled with $1 worth of epinephrine to keep them alive. So why is the price inflating in the Mylan’s EpiPen when the drug itself is so cheap? The first argument proposes reasons as to why Mylan Pharmaceuticals current cost of the EpiPen remains as what it is and as to why it came to be that price. Mylan backs their argument by stating that in order to stay competitive, their prices must rise. The second argument proposes how these new price increases affects consumers and what they now have to do in order to be prepared for an allergic reaction episode. Now that the price of a two-pack EpiPen is around $600.00, many consumers are left to rely on generic auto-injectors or simply go without. The price hike has turned consumers to search for other alternatives to treat anaphylactic shock. Both arguments propose ideas that are supported by an ample amount of information; however, the consumers argument, regarding the effects of the inflation, has more evidence available to the public to further make their argument more …show more content…
The EpiPen is an auto-injector pen that allows a quick and easy injection of epinephrine into a person 's leg whom is suffering an allergic reaction. Our bodies create a hormone, epinephrine (more commonly known as adrenaline), that increases blood flow to muscles during “fight-or-flight” responses. While at Survival Technology, Incorporated, “Kaplan sought to create a device intended to quickly inject a user suffering from anaphylaxis -- a potentially fatal allergic reaction -- with an emergency dose of epinephrine” (Cahill 1). The purpose of this design was so that one could easily inject the stick of epinephrine into one 's thigh which then prompted the spring-loaded mechanism to push a needle that contained the epinephrine into the user’s bloodstream. As the design was being finalized, Kaplan was approached by the U.S. Department of Defense to create a device that would essentially do the same thing as the EpiPen, but instead of epinephrine, this device would inject an antidote for nerve gas. This design became known as the ComboPen and was used by the Pentagon before becoming the EpiPen. The EpiPen was approved in 1987 by the FDA. Kaplan left Survival Technology not too long after the creation of the EpiPen and left before the success of his invention really took off. Many companies owned the EpiPen before Mylan Pharmaceuticals. The first

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