December 21, 2016

Drug Company’s CEO Salary Rises 6 Times as Prices Increase

ceo salary rise drug price affordableEpiPen is known to be vitally important to people who have extreme allergies and those at risk of anaphylaxis. The EpiPen was taken over by the pharmaceutical company, Mylan, in 2007 and has been increasing their prices drastically over the last eight years. The $100 for a pair of EpiPens in 2007, is now being sold for a little over $600!

There have been many executives who have benefited from this ordeal but Chief Executive Officer (CEO), Heather Bresch, has seen her compensation increase over 600% over the past eight years. While numerous patients and families have struggled to afford the drastically increasing expense of EpiPens, CEO Heather Bresch has enjoyed a “total compensation of $18,931,068” [1]. Although there has been no open investigation of Mylan’s pricing structures, it has received public scrutiny from numerous politicians.

When the company first acquired the rights to the EpiPen, it was considered a failing enterprise. Having developed the product to a satisfactory level the company subsequently began increasing its price. This was seen as a fair business move, but hiking up the prices to such an outrageous number is unfair to numerous families who struggle to afford a crucial medication to treat a common and easily controlled condition.

Furthermore, Mylan has also purchased a drug company in the Netherlands for the sole purpose of paying lower taxes. Mylan was further criticized  for its profit-seeking actions in an article by Michael Hiltzik. Hiltzik pointed out that Mylan is unpatriotic and an “inversion”, which is defined as a “U.S. company cuts its tax bill by acquiring a foreign firm and moving its tax domicile to the acquired company’s homeland” [2]

The EpiPen is not merely an allergy medication that avoids minor symptoms, yet it is an auto-injector which is used in life or death situations. This is why numerous patients find the price increases outrageous, because such a crucial piece of equipment should not be made so unaffordable.

[1] CEO of EpiPen Maker Mylan Sees 671% Compensation Increase in 8 Years. Willingham, Emily. Forbes. Retrieved From: http://www.forbes.com/sites/emilywillingham/2016/08/23/ceo-of-mylan-pharmaceuticals-sees-671-salary-increase-in-8-years/#e1eb0b44b236

[2] Another reason to hate Mylan, which jacked up the price of life-saving EpiPens: It’s a tax dodger. Hiltzik, Michael. Los Angeles Times. Retrieved From: http://www.latimes.com/business/hiltzik/la-fi-hiltzik-mylan-inversion-20160823-snap-story.html

July 9, 2010

Three Reasons Why You Shouldn’t Wear Fragrance

Filed under: allergy,asthma — Tags: , , , — drwatson @ 9:14 pm

perfume, smellIt’s become a common fact that beauty must come with a price, and with the current fragrances and perfumes on the market today, that’s certainly become a reality. The concept of perfume originated long before the Common Era, and has developed throughout the centuries to become the personalized fragrance that today women associate with not only beauty, but also with class and individuality. As the perfume industry has been commercialized, so too have the industrial practices of manufacturing fragrances. The ingredients of modern perfumes are still held under lock and key and legally kept secret under the protection of old laws. A recent study that was conducted by the Campaign for Safe Cosmetics revealed that most of the perfumes and male fragrances on the market today contain approximately fourteen unlisted chemicals, most of which have never been tested for safety.

This study additionally outlined several health risks associated with wearing perfumes:

Allergies – Many of the unlisted chemical ingredients in today’s leading fragrances are associated with allergic reactions including asthma, headaches, wheezing and contact dermatitis. These sensitizing chemicals are known to additionally increase the chance of allergy development in people who are repeatedly exposed to them.

Hormone Disruption – Each of the seventeen perfumes tested in this study were found to contain at least one hormone disrupting chemical. Hormone disrupting chemicals have been proven to increase the risk of cancers, especially prostate cancer and breast cancer, as well as to contribute to thyroid problems. Chemicals containing hormone disruptors have also been linked to birth defects and infertility.

Inhalation and Absorption – The nature of modern day fragrances allow for the chemicals ingredients to be absorbed topically into the skin and inhaled. These unnatural and toxic chemicals have been found by various studies in umbilical cord blood, allowing for newborns to be exposed to toxins even before they are born.

Over the past few years, many health regulations have been put in place to regulate the ingredients used in processed food and in the products we use every day.  Shouldn’t fragrances be held to the same standards?

Information provided on this website is for general purposes only. It is not intended to take the place of advice from your practitioner.

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