The stock toll of Mylan issoaring , but the pharmaceutic company might not be out of the woods yet . After a summer of forged newspaper headline , Congressional testimonial , and agreements to pay back millions to the government , the Pentagon is looking at how much Mylan has been overchargingsince 2008 .
Mylan recently came under attack for monetary value gouging after jacking up the price of the EpiPen from $ 57 in 2007 to over $ 600 today . The lack of a generic choice was just one of the many reasons that Mylan got away with it . The CEO even had to prove in front of Congress , and ultimately pay back$465 millionfor ripping off Medicare . But now people are taking a look at how much money Mylan may have overcharged the Pentagon . The answer ? About $ 54 million .
Reuters obtain written document from the Department of Defense outlining the measure that the Pentagon has been paying over the retiring eight age . While the government gets a discount on EpiPen at military treatment centers , member of the armed forces do n’t get that discount at retail placement , despite the DoD footing the bill . Mylan and the Department of Defense are now talking about what should bedone about it .
Much like in the case with Medicare , Mylan has also been classifying the EpiPen as ageneric drug , despite the fact that it ’s distinctly a name make . That think of that the troupe actually wee-wee more gain from each sale . Mylan has announced the impending introduction of its own generic EpiPen after the chief operating officer was grilled by Congress .
The $ 54 million may seem like a drop in the bucket when it comes to defense expenditures , but it highlights the need for more oversight of the pharmaceutical industry . Because when even the politics is getting hump , what chance does the average consumer have ?
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