CEO got 671% pay raise while hiking price of EpiPen
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FOX NEWS - The CEO of the company that drastically increased the price of EpiPens got huge pay increases over the years, with her salary reaching nearly $19 million annually.
According to filings reported by NBC News, Mylan Pharmaceuticals CEO Heather Bresch's yearly compensation rose from $2,453,456 in 2007 to $18,931,068 last year.
The 671% raise for Bresch came after the company bought the rights to EpiPens, which are used to combat severe allergic reactions with an emergency injection of epinephrine.
In 2007, the Epi-Pen's wholesale price was $56.64, but it has now grown 460% to a whopping $317.82. The company's stock price more than tripled over that period. Bresch is the daughter of Sen. Joe Manchin (D-WV) and some have called for congressional hearings after learning of her huge pay hikes amid the Epi-Pen price increases.