CVS cuts cost for generic EpiPen competitor
By Aaron Smith
NEW YORK (CNNMoney) -- CVS is cutting the price on a generic version of a competitor of the EpiPen allergy treatment.
The drugstore chain announced Thursday that it will sell a generic version of Impax Laboratories' Adrenaclick treatment for $109.99 per two-pack, down from $200.
The drug company Mylan drew the ire of customers and Congress when it raised the price to more than $600 for an EpiPen two-pack. Mylan later announced plans to sell a generic version for $300.
Cigna, a top insurer, announced Wednesday that it was dropping coverage of the EpiPen and would cover only the half-priced generic.
A CVS Health spokeswoman said the price cut for the generic Adrenaclick was unrelated.
Adrenaclick and EpiPen give an emergency injection of epinephrine to treat life-threatening allergic reactions known as anaphylactic shock.
Also on Wednesday, President-elect Donald Trump vowed at a press conference to fight price hikes by drug companies, which he lambasted for "getting away with murder." Mylan's stock price dropped more than 4%.
TM & © 2017 Cable News Network, Inc., a Time Warner Company. All rights reserved.