Will the Newest EpiPen Competitor Steal Even More Market Share from Mylan - Article Health

Mylan Pharmaceuticals’ value hike scandal over the EpiPen—the device utilized by several Americans with severe, serious allergies—has had consequences. The firm lost over twenty fifth of its share within the internal secretion auto-injector market since the start of 2016, trauma sales to rivals like Kaléo’s Auvi-Q. Now, the Food and Drug Administration (FDA) has approved another would-be EpiPen killer, this point from Adamis prescribed drugs.

Adamis’ product, Symjepi, can reportedly be even cheaper than the new “generic” EpiPen version discharged by Mylan when widespread outrage over its five hundredth value hike for the initial branded product. (Basically, Mylan maltreated on the “authorized generic” label to a device/medication that’s the image of the EpiPen altogether alternative regards however regarding 0.5 the selling price at $300 per two-pack.)

The exact evaluation isn’t clear, however Symjepi is slated to hit the market later this year.

That could gift a haul for Mylan, whose EpiPen market share has dwindled to simply over seventy one in one year (it once controlled ninety fifth of this space). The biopharma company has been taking heat from all sides pharmacies and drug manufacturers alike pounce on its PR and legal vulnerabilities. for example, CVS has created a generic version of Impax Laboratories’ EpiPen rival Adrenaclick on the market for $110 for a two-pack the least bit of its locations.

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