Stringer to Mylan: These Debacles Need to End

(New York, NY) — In response to reports that EpiPen-maker Mylan NV has finalized a $465 million settlement with the U.S. Department of Justice for allegedly overcharging the U.S government, New York City Comptroller Scott M. Stringer released the following statement:

“From drastically hiking EpiPen prices on Americans, to allegedly defrauding the U.S. government, to awarding extraordinary executive pay, scandals have absolutely engulfed Mylan. These debacles – and the immorality they stem from – need to end. These practices have hurt shareowners, everyday Americans, and the government alike. After what it did to Americans and the message the company sent to the world, finalizing this settlement is a first step – not the last. These scandals are fundamentally rooted in failures by the board — and shareowners expect action. We’ve demanded that Chairman Coury step down and that the board be refreshed with new, independent directors. That’s why in the coming months, we’ll continue to hold Mylan’s feet to the fire and fight for commonsense reform – because scandals like this should never happen again.”

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