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Photographer

(1,142 posts)
Thu Aug 25, 2016, 03:50 AM Aug 2016

EpiPen makerís stock value drops nearly $3 billion in 5 days as investors panic

Mylan Pharmaceuticals — the company behind the price gouging of the EpiPen — is experiencing serious karmic retribution in the stock market.

In just five days, Mylan’s stock has tanked by 12.4 percent as outrage over its astronomical price increases of the life-saving EpiPen has reached a boiling point. Mylan’s stock price went from a high of $49.20 per share on August 19 to $43.11 on August 24, according to MarketWatch:



more at http://usuncut.com/class-war/epipen-makers-stock-value-drops-3-billion-5-days-investors-panic/

33 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
EpiPen makerís stock value drops nearly $3 billion in 5 days as investors panic (Original Post) Photographer Aug 2016 OP
Good Sherman A1 Aug 2016 #1
Double plus good. :) Photographer Aug 2016 #2
Oh, gee. NanceGreggs Aug 2016 #3
Hasn't fallen nearly far enough yet Hekate Aug 2016 #4
+1 nt brer cat Aug 2016 #11
I hope it crashes, but... WestCoastLib Aug 2016 #5
I agree gopiscrap Aug 2016 #18
Our Gubermint has Cryptoad Aug 2016 #6
Plus 100 Photographer Aug 2016 #7
This is totally untrue. All EpiPen has is its own auto-injector and heavily advertised KittyWampus Aug 2016 #15
BS,,,,,Try to buy a pen Cryptoad Aug 2016 #22
Who cares where it's made? Adrenaclick deliver epiphedrine via it's own auto-injector KittyWampus Aug 2016 #23
poor people like me care Cryptoad Aug 2016 #24
I wouldn't trust my life awoke_in_2003 Aug 2016 #31
They aren't made in China KittyWampus Aug 2016 #32
I was working off "who cares where it's made" awoke_in_2003 Aug 2016 #33
Aren't there other companies who can leverage this? Helen Borg Aug 2016 #8
As low as $144 at your friendly Wal-Mart... TreasonousBastard Aug 2016 #9
Good luck with that Free Discount. Cryptoad Aug 2016 #25
What's ironic is that Maylan makes many generic drugs. dixiegrrrrl Aug 2016 #10
There already are cheaper alternatives. People need to demand their doctor prescribe them KittyWampus Aug 2016 #14
Right, but of course people have to know such are available and/or elleng Aug 2016 #27
It would also help if news media were better informed. As it stands now, KittyWampus Aug 2016 #28
Right, of course. elleng Aug 2016 #30
It's the technology for the pen that Mylan owns. Avalux Aug 2016 #21
Good. ismnotwasm Aug 2016 #12
Maybe investors will look into Adrenaclick's manufactuerer- Amedra Pharmaceuticals. KittyWampus Aug 2016 #13
Just checked they are nykym Aug 2016 #29
It's a start, but, I doubt it'll do anything about turning life-or-death into a commodity. n/t Hugin Aug 2016 #16
But Wall Street loved them... workinclasszero Aug 2016 #17
Good!! Mylan's shenanigans over the years were asking for this. Avalux Aug 2016 #19
... eppur_se_muova Aug 2016 #20
Maybe people are starting to wake up to the fact Lebam in LA Aug 2016 #26

WestCoastLib

(442 posts)
5. I hope it crashes, but...
Thu Aug 25, 2016, 04:13 AM
Aug 2016

6 bucks is just a blip, from public outrage, that will not be lasting if this is as low as it goes.

Let it get down under $20 and it will be some real(financial) justice for some of the people responsible here.

I hope people keep selling, and it does.

 

KittyWampus

(55,894 posts)
15. This is totally untrue. All EpiPen has is its own auto-injector and heavily advertised
Thu Aug 25, 2016, 09:38 AM
Aug 2016

Last edited Thu Aug 25, 2016, 11:22 AM - Edit history (1)

name recognition.

Epinephrine is not "monopolized" by Mylan.

Edit- the reporting on this has been very, very bad.

 

KittyWampus

(55,894 posts)
23. Who cares where it's made? Adrenaclick deliver epiphedrine via it's own auto-injector
Thu Aug 25, 2016, 12:32 PM
Aug 2016

for a fraction of the price.

Cryptoad

(8,254 posts)
24. poor people like me care
Thu Aug 25, 2016, 12:37 PM
Aug 2016

since same drugs can be purchase at a fraction of the cost. Do u know what Medicare actually pays for a pen?

 

awoke_in_2003

(34,582 posts)
33. I was working off "who cares where it's made"
Fri Aug 26, 2016, 01:50 PM
Aug 2016

I didn't mean to imply it was made in China but to say, to some degree, I do care about where things are made.

Helen Borg

(3,963 posts)
8. Aren't there other companies who can leverage this?
Thu Aug 25, 2016, 06:44 AM
Aug 2016

By producing low-cost alternatives? It happened in previous cases...

dixiegrrrrl

(60,010 posts)
10. What's ironic is that Maylan makes many generic drugs.
Thu Aug 25, 2016, 08:18 AM
Aug 2016

But the company honchos evidently do not read the papers re: Martin Shirkeli or however his name is spelled.

 

KittyWampus

(55,894 posts)
14. There already are cheaper alternatives. People need to demand their doctor prescribe them
Thu Aug 25, 2016, 09:37 AM
Aug 2016

and be sure to learn how to use them properly.

All EpiPen does is deliver Epinephrine using its own type of auto-injector.

There are other companies selling ephinephrine using their own auto-injectors. Doctors just need to be told to prescribe them.

elleng

(131,741 posts)
27. Right, but of course people have to know such are available and/or
Thu Aug 25, 2016, 12:47 PM
Aug 2016

have decent relations with their doctors. If that were the case, things would be better, imo.

 

KittyWampus

(55,894 posts)
28. It would also help if news media were better informed. As it stands now,
Thu Aug 25, 2016, 01:43 PM
Aug 2016

everyone seems to think EpiPen is the only alternative and that they have a monopoly on epiphendrine.

elleng

(131,741 posts)
30. Right, of course.
Thu Aug 25, 2016, 01:51 PM
Aug 2016

Anyone who uses/used SUDAPHED, and has any idea about what it contains, should know that mylan/epipen doesn't have a monopoly on ephedrine! (tho not immediately interchangeable.)

Avalux

(35,015 posts)
21. It's the technology for the pen that Mylan owns.
Thu Aug 25, 2016, 11:21 AM
Aug 2016

The medication itself has been around forever and can be given by syringe. The Epi-pen is easy enough for self-administration in an emergency....did you watch the Olympics? Mylan's advertisement for the Epi-pen was shown dozens and dozens of times, featuring a young girl at a party who accidentally eats a brownie with peanut butter. She falls to the ground unconscious - very scary commercial. It effectively increased awareness (through fear) of the seriousness of anaphylactic reactions, which means more people are seeking the Epi-pen, translating to profits for Mylan. An unintended consequence for Mylan is that the demand has put a spotlight on the cost (which is good).

Mylan's tactics are despicable. The technology needs to be shared so generic companies can compete.

 

KittyWampus

(55,894 posts)
13. Maybe investors will look into Adrenaclick's manufactuerer- Amedra Pharmaceuticals.
Thu Aug 25, 2016, 09:35 AM
Aug 2016

Consumer Reports just did a spread on Adrenaclick as the much cheaper alternative.

The distributor of Adrenaclick is Amedra Pharmaceuticals LLC, Horsham, PA

 

workinclasszero

(28,270 posts)
17. But Wall Street loved them...
Thu Aug 25, 2016, 09:42 AM
Aug 2016

...till it didn't.

The CEO's pay went from $2,453,456 to $18,931,068 from 2007 to 2015. A 671 percent increase.

I hope Mylan crashes and burns but the vampire CEO will be just fine no doubt!

Avalux

(35,015 posts)
19. Good!! Mylan's shenanigans over the years were asking for this.
Thu Aug 25, 2016, 11:13 AM
Aug 2016

First of all, Mylan, an American corporation, was headquartered in WV, then moved to the Netherlands to avoid paying taxes.

Second of all, Mylan's CEO Heather Bresch, SOMEHOW ended up CEO with little-to-no experience and an unearned Master's Degree from WVU obtained while her Daddy was Governor. Her Daddy, Joe Manchin, is not Senator and well....we can all see what's going on here.

I hope Bresch and the company crashes and burns. Despicable group of people.

Lebam in LA

(1,345 posts)
26. Maybe people are starting to wake up to the fact
Thu Aug 25, 2016, 12:44 PM
Aug 2016

that for-profit medical care is not in the best interest of the people. One can only hope

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