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Mylan to introduce a half-price generic version of EpiPen

August 29, 2016 at 11:26 a.m. EDT
The drug maker's generic EpiPin will sell for $300, half the cost of its branded product. (Video: Reuters)

EpiPen maker Mylan announced Monday morning that it would introduce a generic version of the lifesaving allergy injection at half the price of the brand-name product, after politicians blasted the company for a drug coupon program seen as a public relations Band-Aid.

The generic, which the company said will be launched "in several weeks," will carry a list price of $300 for a two-pack carton. That is half the list price for the branded product, which costs $608 for a two-pack, but it is still nearly $40 more than the price three years ago, according to data from Truven Health Analytics.