CVS slashes price of Impax’s EpiPen rival

From Reuters:

Drugstore chain CVS Health Corp (CVS.N) has cut the price of a generic version of Impax Laboratories Inc’s (IPXL.O) emergency allergy injection, a device similar to Mylan NV’s (MYL.O) controversial EpiPen.

Mylan, which has been lambasted by consumers and lawmakers for raising EpiPen prices six-fold in less than a decade, said last month it would start selling a generic version of EpiPen for $300 per two-pack, a more than 50 percent discount.

CVS’s move comes after health insurer Cigna Corp (CI.N) revised its coverage list to include the generic version of Epipen instead of the branded version.

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