EpiPen may be put under even more pressure as CVS will be launching the Adrenaclick generic, an epinephrine auto-injector that will cost significantly less than the Mylan product.
CVS Health is a Woonsocket, Rhode Island-based company. It is a health care and retail pharmacy oriented. The company merged with Caremark Rx. Its current name came after its 2014 decision. At the time, the company decided to stop selling tobacco products.
CVS Health includes several divisions. These are the CVS Caremaker and the CVS Pharmacy. The CVS Speciality, and MinuteClinic, a retail clinic, are also included.
CVS is considered as being the second largest drugstore chain in the U.S. It operates almost 9,600 retail pharmacies and employs over 137,000 people.
Earlier this week, CVS announced the release of the Adrenaclick. More exactly, the company will be launching a generic version of the device. Adrenaclick works similarly to the EpiPen. It also auto-injects epinephrine.
This latest product will also come at a significantly lower price. An Adrenaclick two-pack will cost $109.99. It comes at a sixth of the prize of the EpiPen. This latter is perhaps the best known such product. An EpiPen two-pack costs $649.99. Its generic two-pack version costs $339.99.
As such, the CVS generic Adrenaclick could make quite a difference. The area has been facing quite some problems. EpiPen’s manufacturer, Mylan has been facing probes and investigations. It has also had to face the Congress. Governmental authorities are investigating the EpiPen maker due to its soaring prices.
The introduction of a new generic has been quite applauded. Adrenaclick may help move things along. It may come to be a cheaper user variant. At the same time, it could also influence the market.
Adrenaclick could become EpiPen’s competitor. As such, it would be a new market alternative. This could help regulate prices in the area. Other makers are also being encouraged to introduce new such products.
CVS’s Adrenaclick is a lesser known epinephrine injector. Its generic version will be almost half as cheap as the existing variant.
And the epinephrine auto-injectors are very much needed. They should be stocked by both schools and parents. Such products can help prevent anaphylaxis.
This the potentially fatal allergic reaction to various causes. Nuts and eggs are amongst the foods that quite cause such a reaction. Insects stings and bites could also have similar effects. Epinephrine auto-injectors are used as an emergency solution. Still, affected people should go to a hospital.
Epinephrine auto-injectors do have their limitations. Adrenaclick and EpiPen are basically syringes. These are filled with epinephrine, a hormone. Still, such products expire after a year. They have to be replaced, as the substance can be dangerous.
As such, users have to fill out a new prescription. This is necessary even if the expired product was never used.
CVS offered a few details about its Adrenaclick generic. This will be available to all patients. More exactly, both insured and uninsured ones. These later can pay by cash without coverage.
Impax Laboratories, the Adrenaclick producer, will also be offering coupons. This program will target its generic product version. It can provide an extra price break. However, patients will have to qualify to use them.
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