The Wall Street Journal reported Saturday that pharma giants Pfizer and Mylan are nearing a deal that could create a global powerhouse in the low-price drug market. A formal agreement could be announced as soon as Monday, the paper reported, citing unnamed sources familiar with the discussions. Neither Pfizer nor Mylan responded to requests for comment from CNN Business on Saturday.
The first generic competitor to Mylan's EpiPen, the emergency treatment for allergic reactions, gained FDA approval last year. EpiPens were added to the FDA's drug shortage list two years after Mylan increased the price of the product by more than 400%, leading to public outrage.
Won't be low priced for much longer
I'm an old overweight guy. Things like high blood pressure and cholesterol medication are cheap, considering they help prevent massive heart attacks.
Hmmm, with lesser competition, it's easier for big corporations to dictate and control prices. I hope this low-price drug market goal is going to happen.
You went crazy over sprint and t-mobile yesterday but this is a big win ? This proves beyond a shadow of a doubt where your priorities lays. Not a peep out of democrats and you reporting it as a good deal. This is a shame. This is why we have President Trump.
Nonononononononono
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