FDA approves first generic EpiPen
WASHINGTON (AP) — U.S. health officials have approved a new generic version of EpiPen, the emergency allergy medication.
The new generic version will be sold by Teva Pharmaceuticals.
EpiPen maker Mylan has dominated the $1 billion market for two decades. Competing shots are not widely marketed or prescribed by doctors.
In 2016, Congress blasted Mylan for raising the price to $600, a five-fold increase over nearly a decade. The company responded by launching its own lower-cost generic version for $300.