EpiPen Maker Mylan Finalizes Its $465M Settlement With The Feds

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EpiPen Maker Mylan Finalizes Its $465M Settlement With The Feds
Mylan was accused of misclassifying its EpiPen as a generic drug to pay less in rebates to Medicaid.
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Mylan will pay $465 million to the federal government in a settlement over one of its EpiPen scandals.

Mylan made headlines over the past year after hiking the price of its life-saving EpiPens from $100 to more than $600 for a two-pack — but that's not what it's answering for right now.

In October, Mylan was accused of shortchanging the government by knowingly misclassifying its brand name EpiPen as a generic drug. That allowed it to pay less in rebates to Medicaid.

Some say the finalized $465 million settlement isn't enough. The government estimates Mylan overcharged Medicaid $1.27 billion over 10 years. Sen. Chuck Grassley said: "The settlement is a disappointment."

The settlement allows Mylan to avoid admitting any wrongdoing.