Mylan accused of $1.27 billion EpiPen overcharging while shareholders revolt over pay

1 June 2017

A US government estimate suggests that Netherlands-incorporated drugmaker Mylan (Nasdaq: MYL) overcharged American taxpayers by as much as $1.27 billion for its EpiPen (epinephrine) auto-injectors.

Mylan has faced a barrage of criticism in the last year over the 400% increase in the price of the EpiPen, a life-saving medication and delivery system for people with severe allergies, which it has overseen since acquiring the product a decade ago.

"We have to make sure companies that take part in federal healthcare programs aren’t gaming the system"

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