New York AG launches antitrust investigation into Mylan regarding EpiPen
In the wake of steep price increases and Congressional investigations, New York Attorney General Eric Schneiderman announced that his office has commenced an investigation into the US unit of Netherlands-incorporated Mylan (Nasdaq: MYL) the maker of EpiPens.
A preliminary review by the Office of the Attorney General revealed that Mylan Pharmaceuticals may have inserted potentially anticompetitive terms into its EpiPen (epinephrine injection) sales contracts with numerous local school systems.
Last week, US presidential candidate Hillary Clinton also launched a plan to crackdown on ‘unjustified’ drug price hikes.
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