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Mylan to Settle EpiPen Overpricing Case for $465M

nytimes.com

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Re: Mylan to Settle EpiPen Overpricing Case for $465M

#41

Post by Forlien »

joering2 wrote: post #36
harryh wrote: post #20

Earlier quoted context omitted.

I'm not sure about revenue, but it represents about 55% of their annual profits. 465M / (EPS of 1.57 * 534.91M shares) = .5537

Still worth it. Tell me I can rob a bank for $100MM and you meet me upfront - instead of arresting me, just take half of my loot and tell me I can't do another bank for the next 12 months.

Doesn't it depend where Mylan's profit comes from? I don't know the numbers, but ideally the fine would more than cover the amount they made from EpiPens.

In your example, if you legally earned $900MM and then robbed a bank for $100MM, would you be fine if the fine was $500MM when caught?

Re: Mylan to Settle EpiPen Overpricing Case for $465M

#42

Post by angersock »

maxerickson wrote: post #13
ch4s3 wrote: post #9

Earlier quoted context omitted.

Have been, but what else is on the market right now in the US? Why is that? Its not for lack of demand.

Adrenaclick and generic versions of it. It's not a direct substitute, it can't be dispensed to fill an Epipen prescription, but it is the same drug, the same dose, and for the same purpose (emergency administration of epinephrine by lightly trained persons). http://www.goodrx.com/adrenaclick

If it is the same drug, dose, and usage I must profess a bit of confusion as to what could possibly be preventing it from being a direct substitute.

Re: Mylan to Settle EpiPen Overpricing Case for $465M

#43

Post by joering2 »

Forlien wrote: post #41
joering2 wrote: post #36

Earlier quoted context omitted.

Still worth it. Tell me I can rob a bank for $100MM and you meet me upfront - instead of arresting me, just take half of my loot and tell me I can't do another bank for the next 12 months.

Doesn't it depend where Mylan's profit comes from? I don't know the numbers, but ideally the fine would more than cover the amount they made from EpiPens. In your example, if you legally earned $900MM and then robbed a bank for $100MM, would you be fine if the fine was $500MM when caught?

Yes. As long as I don't get the hard time and can continue future robbery attempts, I'm fine with that, given I will get caught in the first place.

Unless the idea is that Epi will all of sudden become affordable like it used to be.

Re: Mylan to Settle EpiPen Overpricing Case for $465M

#44

Post by jcoffland »

ch4s3 wrote: post #31
cmdrfred wrote: post #27

Earlier quoted context omitted.

64% of murders currently result in an conviction. At what percentage would it no longer be the perpetrators responsibility for the crime and instead be the fault of the lawmakers lack of ability to bring him to justice?

Well, if only a handful ever get investigated because the police are understaffed... well then follow the funding. You get the regulatory environment you vote for.

You can vote one way and get something else. Your logic does not hold.

Re: Mylan to Settle EpiPen Overpricing Case for $465M

#45

Post by makomk »

hiou wrote: post #33
rayiner wrote: post #15

For people using the word "fraud." Fraud requires some misrepresentation of a material fact. Nobody at CMS was unaware of what an Epipen was, depending on Mylan's representations about what was in there. This is a fight over whether Mylan should have checked Box A or Box B. There is a reasonable case to be made for both sides. After all, the drug in an Epipen (epinephrine) is generic. For people talking about throwin…

The patent is for the delivery system.

Not only that, if I recall correctly they were simultaneously telling another part of the government (the FDA) that the patent made generic substitutes for the Epipen impossible. The argument that the classification "goes back decades" probably doesn't hold much water, since there were generic substitutes for it once upon a time.

Re: Mylan to Settle EpiPen Overpricing Case for $465M

#46

Post by alkjshdkfjasdf »

dmix wrote: post #37

Another year another major pharmaceutical settlement: https://en.wikipedia.org/wiki/List_of_largest_pharmaceutical... It's like a game of musical chairs for who gets to pay the government a billion dollars this year. This Epipen case sounds far less bad then most on that list. Especially if we're going to talk about punishment. As most of the other settlements on the list were for mislabeled drugs. People were spendi…

I am sorry for your experience with diagnosis in regards to your health, but your last paragraph or two is completely unrelated to anything other than "diagnosis is hard / my physician wasn't able to help".

In other words, it is completely unrelated, and your overcharging on drugs was awful and again, completely unrelated to this core issue.

Re: Mylan to Settle EpiPen Overpricing Case for $465M

#49

Post by forgetsusername »

xorgar831 wrote: post #29
navbaker wrote: post #26

Earlier quoted context omitted.

What would this accomplish?

It's tongue and cheek deterrent, it's effectively ex-communcaiton from their social circles which is where they get their attaboy/girl encouragement that this is acceptable behaviour. They don't see themselves as part of the hoi polloi, and bending the rules to their advantage is called "smart".

Why do you assume that it's the social status of the person that drives this behavior? Why do you assume that people "with money" find this behavior acceptable?

Re: Mylan to Settle EpiPen Overpricing Case for $465M

#50

Post by forgetsusername »

dmix wrote: post #37

Another year another major pharmaceutical settlement: https://en.wikipedia.org/wiki/List_of_largest_pharmaceutical... It's like a game of musical chairs for who gets to pay the government a billion dollars this year. This Epipen case sounds far less bad then most on that list. Especially if we're going to talk about punishment. As most of the other settlements on the list were for mislabeled drugs. People were spendi…

Doctors and their diagnoses aren't infallible. Why assume Doctor A is sinister, as opposed to unaware or, worst case, incompetent?
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