U.S. regulators have approved new competition for EpiPen, the emergency allergy medicine that made Mylan a poster child for pharmaceutical greed.
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The Food and Drug Administration on Thursday approved Adamis (ad-DEHM-iss) Pharmaceuticals Corp.'s product, which should go on sale later this year.
Symjepi (sim-JEPP'-ee) is a syringe prefilled with the hormone epinephrine, which helps stop life-threatening allergic reactions from insect stings and bites or eating foods such as nuts and eggs.
San Diego-based Adamis says its product is easier to use than Mylan's EpiPen, an autoinjector that comes with a training device. Symjepi also is smaller, so it's easier for people to carry around with them.
Adamis says it will be much cheaper than EpiPens, which cost more than $600 for a two-pack.