BUFFALO, N.Y. (WIVB) — A generic version of the EpiPen will go on sale for half the cost of the name brand starting next month. It comes after drug maker Mylan was criticized for steep prices.
Thousands of people with allergies depend on the potentially life saving drug to counter the effects of a severe reaction. But the cost of 600 dollars for a 2-pack of EpiPens is tough for families to afford.
The price has gone up nearly 500 percent since 2009. After a lot of pressure to reduce the price, the drug maker Mylan plans to start selling a generic version of EpiPen.
The 300 dollar epinephrine auto-injector is hitting the market after Thanksgiving. According to Mylan the generic shot will be identical to EpiPen, and it will be sold in two strengths.
A local allergist said this should help alleviate the cost for families of kids with severe allergies, who see EpiPen as a necessity.
“Unfortunately many of us have deductibles and and when you see certain prices for a double EpiPen coming out at $600 for cash it’s a difficult situation. Later this month they will produce a generic version of their drug which will be approximately 50 percent of the cost which is a nice cost savings but I do agree that $300 is excessive for a double EpiPen,” said Jeffrey Rockoff, MD, Allergist and Clinical Immunologist.
Though the generic version is half the price of EpiPen, it’s still three times what the drug cost just eight years ago.