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Mylan, Feeling Heat on EpiPen Price, Will Offer Cheaper Generic

Mylan said it would launch a generic alternative to EpiPen at a 50% discount after being criticized for sharply raising the price of the lifesaving drug.

Mylan NV on Monday said it would launch a generic alternative to EpiPen at a 50% discount as the drugmaker continues to react to the criticism from dramatically raising the lifesaving drug’s price in recent years.

The move, which adds to Mylan’s previously announced price adjustments, is expected to eat into the company’s EpiPen revenue and underscores the shifting burden of health-care costs to patients. Offering a generic would...

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