Mentor/s
Professor Jennifer Trudeau
Participation Type
Paper Talk
Abstract
In this study, industry analysis is performed on the health care sector and pharmaceutical market, specifically on the auto-injector of epinephrine known as the EpiPen. In literature review, expert opinions on the economics and ethics of events that occurred surrounding the companies price gouging tactics are reviewed. How Mylan came about acquiring the monopoly and holding its grasp is also discussed. Data shows how the company’s profits significantly increased every year while consumers struggled to pay the price out of pocket. Suggestions are made on potential ways to create more power for consumers in the market, as well as promote competition for suppliers.
College and Major available
Economics, Finance BS
Location
Digital Commons
Start Day/Time
5-5-2021 1:00 PM
End Day/Time
5-5-2021 4:00 PM
Ethics Versus Economics: The EpiPen Scandal and the Role of the FDA
Digital Commons
In this study, industry analysis is performed on the health care sector and pharmaceutical market, specifically on the auto-injector of epinephrine known as the EpiPen. In literature review, expert opinions on the economics and ethics of events that occurred surrounding the companies price gouging tactics are reviewed. How Mylan came about acquiring the monopoly and holding its grasp is also discussed. Data shows how the company’s profits significantly increased every year while consumers struggled to pay the price out of pocket. Suggestions are made on potential ways to create more power for consumers in the market, as well as promote competition for suppliers.
Students' Information
Daniel Fusari, Economics and Finance, Honors, 2021