KCBS_740WASHINGTON (AP) — Senate Judiciary Chairman Charles Grassley says pharmaceutical company Mylan is declining to testify at his committee’s hearing next week on a settlement between the company and the Justice Department over its life-saving Epi-Pen.

Grassley on Monday released a letter from an attorney for Mylan saying officials would not testify. The Nov. 18 letter said company executives wouldn’t testify because the settlement is a pending matter and the Justice Department would also not be attending.

READ MORE: 1 Injured In Fremont Shooting; Officers Surround Home

Mylan will pay $465 million to settle allegations that it overbilled Medicaid for EpiPen. At issue was whether the product should have been classified as generic under a Medicaid program.

READ MORE: California AG Becerra Warns Of Tacked-On COVID Fees Consumer May Not Have To Pay

The list price of EpiPens had grown to $608 for a two-pack, an increase of more than 500 percent since 2007.

MORE NEWS: Third Stimulus Check: Why Your Next Relief Payment May Not Be $1,400

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 This material may not be published, broadcast, rewritten or redistributed.