Saturday, 22 September, 2018

FDA says EpiPens are in short supply

Two Epi Pens against a white background FDA says EpiPens are in short supply
Anna Jefferson | 09 May, 2018, 21:36

Following reports of EpiPen shortages in Canada and the United Kingdom, an advocacy group said this week that the U.S.is facing a growing national shortage of EpiPens and other allergic reaction treatments, which the Food and Drug Administration denied.

Mylan, the company that distributes the emergency allergy medication, said that there are "intermittent supply constraints", but supply is available. The FDA said while the pens are available "supply levels may vary across wholesales and pharmacies".

Still, the company said it remained on track to launch several important products this year.

Bloomberg reported on Tuesday that hundreds of patients across the United States were having issues getting the device.

This was Mylan's first acknowledgment of possible USA supply issues following reports of EpiPen shortages in Canada and Britain last month.

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Microsoft to increase cut from app revenues to 95pc for developers
If you are part of the Windows Insider Program, you should be able to download Your Phone app in the course of this week. The "Seeing AI" is a free smartphone app that uses computer vision and narrates, helping their users to walk safely.

The FDA expects the shortage to be short term, and says it's working to understand and control the shortage.

In a statement released Wednesday, Mylan said it is now receiving continual supply from its manufacturing partner and is expediting shipments to wholesales upon receipt.

"Mylan and Pfizer take the supply of EpiPen and EpiPen Jr Auto-Injectors very seriously", Mylan said in a statement this week.

Excluding onetime items, Mylan earned 96 cents per share, matching analysts' expectations. Revenue declined to $2.68 billion from $2.72 billion, below the FactSet consensus of $2.73 billion.

The shortages are "definitely something we're concerned about, but as of now it doesn't seem material", said Gabelli Funds portfolio manager Jeff Jonas. Mylan shares were inactive in Wednesday premarket trade.

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