Politics Chuck Grassley

  • WASHINGTON— Mylan CEO Heather Bresch infuriated lawmakers as she tried— and mostly failed— to explain steep cost increases of her company's life-saving EpiPens. Outraged Republican and Democratic lawmakers on Wednesday grilled Bresch about the emergency allergy shot's sky-high price and the profits for a company with sales in excess of $11 billion.

  • WASHINGTON— Outraged Republican and Democratic lawmakers on Wednesday grilled the head of pharmaceutical company Mylan about the significant cost increase of its life-saving EpiPens and the profits for a company with sales in excess of $11 billion. Defending the company's business practices, Mylan CEO Heather Bresch told the House Oversight and...

  • WASHINGTON D.C./ NEW YORK, Sept 14- As the global agricultural sector races to consolidate, Bayer AG's $66 billion all-cash deal to acquire Monsanto Co will test growing political and consumer unease in the United States and abroad over the future of food production. Monsanto and Bayer "have chosen to do a deal in the year of merging dangerously," said David Balto, a...

  • By Diane Bartz and Greg Roumeliotis. WASHINGTON D.C./ NEW YORK, Sept 14- As the global agricultural sector races to consolidate, Bayer AG's $66 billion all-cash deal to acquire Monsanto Co will test growing political and consumer unease in the United States and abroad over the future of food production. Monsanto and Bayer "have chosen to do a deal in the year of...

  • "We requested a meeting with the FDA," Sigurdur Olafsson, Teva's head of global generic medicines, said in a webcast overview of the company's generics medicines business. He said Teva did not get a response, but after "the media attention in the last two weeks, the FDA has come back to us and we will have a meeting very, very quickly." Given the recent "political noise on...

  • "We requested a meeting with the FDA," Sigurdur Olafsson, Teva's head of global generic medicines, said in a webcast overview of the company's generics medicines business. He said Teva did not get a response, but after "the media attention in the last two weeks, the FDA has come back to us and we will have a meeting very, very quickly." Given the recent "political noise on...

  • WASHINGTON, Sept 9- The chairman of the U.S. Senate Judiciary Committee probing Mylan NV's EpiPen price hike on Friday said its response to his query was "incomplete," and called on the drugmaker to give more details over how much government health insurance programs pay for the allergy treatment. "It's an incomplete response and wouldn't satisfy my constituents...

  • The list price of the drug will remain the same, but the company said it would increase the maximum copay assistance program to $300 from $100 for patients who pay for the 2- pak in cash or who are covered by a commercial health insurer. The price of EpiPen has skyrocketed to $600 from $100 since it was acquired by Mylan in 2007.. Ronny Gal, an analyst with Bernstein,...

  • Sen. Charles Grassley

    There needs to be more transparency in drug pricing, and Mylan still has a lot of questions to answer, Sen. Charles Grassley said Thursday.

  • The list price of the drug will remain the same, but the company said it would increase the maximum copay assistance program to $300 from $100 for patients who pay for the 2- pak in cash or who are covered by a commercial health insurer. The price of EpiPen has skyrocketed to $600 from $100 since it was acquired by Mylan in 2007.. Ronny Gal, an analyst with Bernstein,...

  • Aug 25- Mylan NV said on Thursday it would reduce the out-of-pocket cost of its severe allergy treatment EpiPen through a discount program, a day after Democratic Presidential candidate Hillary Clinton joined lawmakers in criticizing the drug's high price. The price of the product, acquired in 2007, has skyrocketed to $600 from $100 in 2008.

  • Aug 25- Mylan NV said on Thursday it would reduce the out-of-pocket cost of its severe allergy treatment EpiPen through a discount program, a day after Democratic Presidential candidate Hillary Clinton joined lawmakers in criticizing the drug's high price. The company, which did not lower the drug's list price, said it would reduce the patient cost of EpiPen...

  • WASHINGTON, Aug 24- Democratic presidential candidate Hillary Clinton called on pharmaceutical company Mylan NV to voluntarily drop the price of its severe allergy treatment drug EpiPen, which has increased in price by more than 400 percent in the past decade. Mylan spokeswoman Nina Devlin did not respond to inquiries about Clinton's criticism of the...

  • WASHINGTON, Aug 24- Democratic presidential candidate Hillary Clinton called on pharmaceutical company Mylan NV to voluntarily drop the price of its severe allergy treatment drug EpiPen, which has increased in price by more than 400 percent in the past decade. Mylan spokeswoman Nina Devlin did not respond to inquiries about Clinton's criticism of the...

  • WASHINGTON, Aug 24- Democratic presidential candidate Hillary Clinton called on pharmaceutical company Mylan NV to voluntarily drop the price of its severe allergy treatment drug EpiPen, which has increased in price by more than 400 percent in the past decade. The White House took a more cautious tone in criticizing rising drug costs, refusing to comment on...

  • A child receives treatment with an EpiPen.

    Two senior lawmakers on the U.S. Senate's Judiciary Committee pushed for information regarding sharp price increases for EpiPens.

  • WASHINGTON, Aug 22- Two senior lawmakers on the U.S. Senate's Judiciary Committee on Monday pushed for information regarding sharp price increases for EpiPens, drug-filled injectable devices used by people to counter potentially deadly allergic reactions. Senator Chuck Grassley, chairman of the Senate Judiciary Committee, wrote Mylan Chief Executive...

  • NEW YORK/ ST. LOUIS, AUGUST 10- In 2011, amid a crackdown on international money laundering, the U.S. Treasury Department tried to close a loophole that authorities said allows drug cartels to move bulk cash across borders on gift and other prepaid cards. The U.S. Department of Justice estimated in 2009 that up to $24 billion in cash is smuggled into Mexico each year,...

  • WASHINGTON, June 29- The U.S. Senate gave solid approval on Wednesday to a relief plan to help Puerto Rico address its $70 billion debt, sending the measure to President Obama for his signing into law just ahead of a possible default by the U.S. territory on its next debt payment. "This bill is not perfect, but it is a critical first step toward economic recovery and...

  • WASHINGTON, June 29- The U.S. Senate gave solid approval on Wednesday to a relief plan to help Puerto Rico address its $70 billion debt, sending the measure to President Obama for his signing into law just ahead of a possible default by the U.S. territory on its next debt payment. "This bill is not perfect, but it is a critical first step toward economic recovery and...