Home HEALTH Will the Newest EpiPen Competitor Steal Even More Market Share from Mylan

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

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Mylan pharmaceuticals’ price hike scandal over the epipen—the tool utilized by tens of millions of usa citizens with severe, lifestyles-threatening allergic reactions—has had outcomes. The firm lost more than 25% of its proportion inside the epinephrine automobile-injector marketplace for the reason that the beginning of 2016, bleeding sales to competitors like kaléo’s auvi-q. Now, the food and drug management (fda) has accredited any other could-be epipen killer, this time from adamis prescribed drugs.

Adamis’ product, symjepi, will reportedly be even cheaper than the new “regular” epipen model released by using mylan after sizable outrage over its 500% charge hike for the unique branded product. (basically, mylan slapped on the “authorized typical” label to a tool/medicine that’s identical to the epipen in all different regards but about 1/2 the listing rate at $three hundred in line with -%.)
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The precise pricing isn’t clear, but symjepi is slated to hit the marketplace later this yr.

That could present a trouble for mylan, whose epipen market percentage has diminished to simply over 71% in twelve months (it as soon as controlled 95% of this area). The biopharma corporation has been taking heat from all facets pharmacies and drug makers alike pounce on its pr and legal vulnerabilities. For instance, cvs has made a common model of impax laboratories’ epipen competitor adrenaclick to be had for $110 for a two-percent in any respect of its places.