As if you need another reason to shake your head while reading the news. Mylan, the pharmaceutical company that provides the marketplace with anti-allergy EpiPens, has hiked the prices of the medication more than 400 percent in the last eight years. Not only that, but filing documents show that salaries of top execs at Mylan Pharmaceuticals *also* skyrocketed over the last eight years. (Interesting...)
CEO Heather Bresch's salary ballooned 261 percent as she raked in more than $18 million last year compared to just over $2 million in 2007, according to NBC News. The price of EpiPens also increased from $56.64 to a whopping $317.82 since Mylan acquired the patent in 2007 and quietly collected a market monopoly on the life-saving product.
Due to the price hike, many patients requiring the device have resorted to DIY methods and buying overseas.
Adding insult to injury, previous inquests into Mylan revealed more suspicious activity. A 2008 inquiry found that while Bresch did not fully complete her coursework for her MBA from West Virginia University, the school received a $20 million dollar donation from a company chairman in 2003.
On Monday, a group of U.S. senators called for a probe into Mylan's business practices and demanded Bresch answer for the company's actions. Mylan has not yet responded to requests for a Senate hearing.
If you are (justifiably) horrified by this, you can sign non-profit organization The Other 98%'s petition to decrease EpiPen prices here.
Follow Marie Claire on Facebook for the latest celeb news, beauty tips, fascinating reads, livestream video, and more.
-
Taylor Swift Sweetly Dishes on Travis Kelce With a Young Swiftie at Children's Hospital"I like Travis now," the fan shared.
-
I Found the Most Luxe Beauty Stocking Stuffers Your Friends Actually WantBeauty editor-tested and approved.
-
32 Great TV Shows That Capture What We Love About Our Closest FriendshipsWatch these with your bestie (or when you miss them).
-
Documentaries About Black History to Educate Yourself WithTake your allyship a step further.
-
'Ginny & Georgia' Season 2: Everything We KnowNetflix owes us answers after that ending.
-
'Firefly Lane' Season 2: Everything We KnowIn the immortal words of Tully Hart, "Firefly Lane girls forever!"
-
'Bridgerton' Season 2: Everything We KnowThe viscount and his new love interest hit Netflix at the end of March.
-
'Bachelor In Paradise' 2021: Everything We KnowIt's back, baby!
-
In 'We Are Not Like Them' Art Imitates Life—and (Hopefully) Vice VersaRead an excerpt from the thought-provoking new book. Then, keep scrolling to discover how the authors, Jo Piazza and Christine Pride, navigated their own relationship while building a believable world for Riley and Jen—best friends, one Black, one white, dealing with the killing of an unarmed Black boy by a white police officer.
-
Love Has LostQuasi-religious group Love Has Won claimed to offer wellness advice and self-care products, but what was actually being dished out by their late leader Amy Carlson Stroud—self-professed “Mother God”—was much darker. How our current conspiritualist culture is to blame.
-
'Spencer,' the Princess Diana Movie: Everything We Know"Every fairy tale ends."
