New York's attorney general is investigating Mylan Pharmaceuticals, under fire for steep price increases for its life-saving EpiPen. NY Attorney General Investigating Maker Of Epi-Pen – CBS San Francisco

ALBANY, N.Y. (AP) — New York’s attorney general says his office is investigating Mylan Pharmaceuticals, which has been criticized for steep price increases for its emergency allergy treatment EpiPen.

Attorney General Eric Schneiderman said Tuesday that a preliminary review shows the company “may have inserted potentially anticompetitive terms” into sales contracts with schools.

READ MORE: COVID Reopening: SF Restaurants Get Set For Indoor Dining Under Red Tier

EpiPens are used in emergencies to treat severe allergic reactions to insect bites and foods like nuts that can lead to anaphylactic shock.

READ MORE: SJ Volunteers Conducting Foot Patrols In Response To Rash Of Attacks On Asians

The price has grown to $608 for a two-pack, up more than 500 percent since 2007. The drugmaker says it will launch a generic version that will cost $300.

Canonsburg, Pennsylvania-based Mylan N.V. says more than 700,000 free EpiPens have been distributed to over 65,000 schools, and it has dropped a previous purchase restriction for schools that wanted more at discounts.

MORE NEWS: Federal Judge Bars Sausalito From Clearing Homeless Encampment In Dunphy Park

© Copyright 2016 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.