The Senate Permanent Subcommittee on Investigations is opening an inquiry into the pharmaceutical company Mylan's pricing of the EpiPen, it announced on Wednesday. The EpiPen, which stops potentially fatal allergic reactions by injecting a precise dose of epinephrine, now costs about $600 for a two-pack, up from roughly $100 when Mylan acquired EpiPen in 2007.
Mylan last month announced it would offer a generic version of the EpiPen in response to backlash over the skyrocketing prices, but lawmakers are still dissatisfied. The inquiry will be headed by Sen. Rob Portman (R-Ohio) and Sen. Claire McCaskill (D-Mo.), but Congress has only a few weeks to act before it adjourns Oct. 1 for an election season recess.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Create an account with the same email registered to your subscription to unlock access.
-
Today's political cartoons - May 4, 2024Cartoons Saturday's cartoons - reflections in the pond, riding shotgun, and more
-
5 high-caliber cartoons about Kristi Noem shooting her puppyCartoons Artists take on the rainbow bridge, a farm upstate, and more
-
The Week Unwrapped: Why is the world running low on blood?Podcast Scientists believe universal donor blood is within reach – plus, the row over an immersive D-Day simulation, and an Ozempic faux pas
-
Empty-nest boomers aren't selling their big homesSpeed Read Most Americans 60 and older do not intend to move, according to a recent survey
-
Brazil accuses Musk of 'disinformation campaign'Speed Read A Brazilian Supreme Court judge has opened an inquiry into Elon Musk and X
-
Disney board fends off Peltz infiltration bidSpeed Read Disney CEO Bob Iger has defeated activist investor Nelson Peltz in a contentious proxy battle
-
Disney and DeSantis reach detenteSpeed Read The Florida governor and Disney settle a yearslong litigation over control of the tourism district
-
Visa and Mastercard agree to lower swipe feesSpeed Read The companies will cap the fees they charge businesses when customers use their credit cards
-
Reddit IPO values social media site at $6.4 billionSpeed Read The company makes its public debut on the New York Stock Exchange
-
Housing costs: the root of US economic malaise?speed read Many voters are troubled by the housing affordability crisis
-
Feds cap credit card late fees at $8speed read The Consumer Financial Protection Bureau finalized a rule to save households an estimated $10 billion a year
