- In what Mylan (MYL -0.6%) CEO Heather Bresch would undoubtedly call a modest slip-up, the company's take on the sale of two-pack EpiPen is actually $160 instead of $100, the amount she told a congressional committee last week. The financial analysis she presented to lawmakers included a U.S. tax rate of 37.5% which, of course, understated net profit.
- The company's actual tax rate is ~17%, per its most recent 10-Q. Applying this rate to EpiPen's 2016 estimated operating profit of $671M, yields an after-tax profit of $557M, ~33% higher than the $419M stated in the analysis.