What Is the Pill Mylan 147 Used For?
Question by skatermg200: what is the pill Mylan 147 used for?
Best answer:
Answer by Irish Joe
Mylan 147 is not a pill as you can see from the Following;-
Drug Company Accused of Cornering Market and Price-Gouging Agrees to $ 147 Million Settlement
Federal and state governments claim Mylan jacked up drug prices by more than 2,000 percent
PITTSBURGH, Pennsylvania
Mylan Laboratories Inc. last week agreed to pay up to $ 147 million to settle charges that the company used its monopoly power to hike the prices of two generic antianxiety drugs.
Mylan was sued in 1998 by the federal government, 32 states, the District of Columbia, and consumers for allegedly cornering the market and raising prices for two generic anxiety drugs used mostly by the elderly and those affected by Alzheimer’s disease.
According to the suits, Mylan negotiated a near lock on the drugs’ active ingredients, then upped prices by more than 2000 percent — raising the price of 1000 tablets of one drug from $ 22.72 to $ 754, according to the Associated Press.
Ohio attorney general Betty Montgomery slammed Mylan for its alleged market rigging, calling the abuse a “brash example of corporate greed” that affected people dependent on the drugs for treatment.
Mylan’s alleged price gouging also “nearly single-handedly led to a 0.2 percent increase in the May 1998 national Producer Price Index, which the federal government uses to monitor national economic health,” Montgomery said in a statement.
Mylan denied any wrongdoing last week, saying the settlement simply was in the “best interest of our company’s shareholders, customers, and employees…. We continue to believe we acted properly.”
Last week’s settlement, which allocates $ 135 million for distribution to the states and up to $ 12 million for attorneys’ fees, must still be approved by the states and the Federal Trade Commission, noted Reuters.
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