Mylan CEO underestimated EpiPen profits by 60%
When testifying before US Congress last week, the chief executive of Netherlands-incorporated drugmaker Mylan (Nasdaq: MYL) told members that her company’s profits from the EpiPen Auto-Injector (epinephrine injection, USP) were 60% lower than they actually were.
The company clarified figures given to the House last week by Heather Bresch, who said the Mylan made $100 for a two-pack of the injectors, which have a list price of $608.
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