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Colorado to receive $5.5 million in EpiPen settlement

By: CBS News
September 2, 2017 Updated: September 2, 2017 at 8:52 pm
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Photo by REUTERS/Jim Bourg - RTX2MWTG

DENVER – Colorado will get more than $5 million from the makers of EpiPen. The drug company Mylan has been accused of charging the government an outrageous price for the potentially life-saving drug.

The federal government says the company was misinformed when it classified EpiPens as a generic medication to avoid having to pay rebates to Medicaid.

In August, Mylan agreed to pay a $465 million settlement, of which Colorado will receive $5.5 million. The money will be used for Colorado’s Medicaid program.

Read this story at CBS news.

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