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With the price of everything else going up, who knows, maybe the company has to pay more to produce it.
Only if you mean pay their execs more. A LOT more, as in a total compensation hike from 2007 to 2015 for CEO Heather Bresch from $2,453,456 to $18,931,068, a 671 percent increase.
Mylan Execs Gave Themselves Raises As They Hiked EpiPen Prices - NBC News