CVS Announces Super Cheap Generic Alternative To EpiPen (arstechnica.com)

An anonymous reader quotes a report from Ars Technica: Pharmaceutical giant CVS announced Thursday that it has partnered with Impax Laboratories to sell a generic epinephrine auto-injector for $109.99 for a two-pack -- a dramatic cut from Mylan's Epipen two-pack prices, which list for more than $600 as a brand name and $300 as a generic. The lower-cost auto-injector, a generic form of Adrenaclick, is available starting today nationwide in the company's more than 9,600 pharmacies. Its price resembles that of EpiPen's before Mylan bought the rights to the life-saving devices back in 2007 and raised the price repeatedly, sparking outcry. Helena Foulkes, president of CVS Pharmacy, said the company felt compelled to respond to the urgent need for a more affordable alternative. "Over the past year, nearly 150,000 people signed on to a petition asking for a lower-cost epinephrine auto-injector option and millions more were active in social media searching for a solution," she said in a statement. The price of $109.99 for the alternative applies to those with and without insurance, CVS noted. And Impax is also offering a coupon to reduce the cost to just $9.99 for qualifying patients. Also in the press statement, Dr. Todd Listwa of Novant Health, a network of healthcare providers, noted the importance of access to epinephrine auto-injectors, which swiftly reverse rapid-onset, deadly allergic reactions in some. "For these patients, having access to emergency epinephrine is a necessity. Making an affordable epinephrine auto-injector device accessible to patients will ensure patients have the medicine they need, when they need it."

Comments

Ready...

[guygo]

I see Mylan's PR people have their "I find the Adrenaclick impossible to use" shills ready to go. We can expect them to spend millions on trying to discredit the competitor's much cheaper alternative. Heaven forfend they spend any of that money reducing the price of their own product.

Re:You don't know what a free market is, do you?

[Required Snark]

You are too young to for this to be part of your personal experience, but there once was a drug called Thalidomide. It was sold for morning sickness and caused severe birth defects. Thousands of infants died and tens of thousands were born with deformed limbs. This was in the mid 1950's and caused a massive change in how drugs were tested. Thalidomide is still used, but not by pregnant women.

More recently there are significant problems with metal on metal joint replacements. For some designs the failure rate is 75% to 100%. And this was after FDA approval was granted.

So is the requirement for government approval the "bureaucracy" you are talking about? If so, I'm sure you can find somewhere in the world where you can get a completely unregulated major medical procedure, say involving surgery. Before you go, just leave a contact address so we know where to send the condolences for your funeral. I, at least, would consider your demise to be suicide.

Re:you mean capitalism works?

[silentcoder]

It's worth noting that, prior to the FDA's establishment, more than 80% of all "medicine" sold in the US were so-called "patent medicine". These drugs, contrary to popular myth, didn't all do nothing - most of them were filled with deadly and addictive substances (usually opium) which the buyers had no idea they were buying. They were marketed for things so completely unrelated that it's physically impossible one drug could treat them all - but they sure made you high.

In short - it was a disaster that killed far more people than it ever cured. In the post-FDA world, this problem has shifted exclusively to those things which the FDA cannot regulate due to congressionmen selling out suplements and homeopathy. A recent study found that 1 in 3 supplements contained no shred whatsoever of the plant they are supposed to have been derived from. Suplements kill people on a daily basis due to dangerous ingredients and a lack of proper warnings about correct usage - seeing as they aren't regulated and nobody is making sure they know what correct usage actually means.

Where regulation does not exist, neither does medicine.