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Health

EpiPen price slashed after public criticism

Opening sequence

Opening sequence

Health

EpiPen price slashed after public criticism

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16:25
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COMING UP:EpiPen price slashed after public criticism

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Transcript

00:00:00
>> Drug company, Mylan, on Thursday slashing the price of its life saving EpiPen in half. After coming under fire from consumers, Presidential candidates, and politicians on both sides of the aisle for a 400% cost surge over the past decade. The price of the standard 2-PAK now $300 through the use of a savings card.
00:00:21
The move coming one day after Hillary Clinton called the continuous price hike outrageous. The company stock dropping on the negative press. Earlier this week Republican Senator Chuck Grassley wrote Mylan a letter asking it to explain EpiPen's high cost. While Senator Amy Klobuchar, a Democrat, called for an investigation by the Federal Trade Commission.
00:00:41
The price cut boosting shares of Mylan early Thursday.