NEW YORK, NY — Pharmaceutical company Kaléo – already under fire for raising the price of an overdose antidote – now plans to put an alternative to the EpiPen on the market for more than seven times the cost of the leading $608 drug.
Kaléo’s epinephrine injector, used to stop severe allergic reactions, will go on sale for $4,500 for a pack of two beginning on 14 February. The auto-injector’s innovative audio instructions walk caregivers through administering less than $5 worth of epinephrine.
Remarkably, because of a system of coupons and discounts, Kaléo’s epinephrine injector Auvi-Q may have the lowest out-of-pocket costs for patients, a strategy some critics say may help some customers, but leads insurance companies to redistribute the cost of the drug through insurance fees to remain profitable.
“It’s a brilliant auto-injector – is it fair to say it’s worth $4,000 itself? That’s $3,000 more than your iPhone, and you can only use it once,” said Dr Joseph Ross, an associate professor of medicine at Yale University who has written about drug pricing for the
Remember that the Democrats passed the ACA without any provisions for price containment or negotiations for drugs.