What can be done to keep the price of the EpiPen affordable for you?

MILWAUKEE -- The hefty price of the EpiPen has a lot of people wondering what they can do to keep prices down. Contact 6's Katrina Cravy chatted with Consumer Reports to get some answers for you.

Earlier this week, Mylan announced plans to launch a generic EpiPen at a 50% discount to the branded version of the life saving allergy treatment. Mylan said the generic EpiPen will be “identical” to the branded product in terms of how the drug is made and how the auto-injector functions.

The surprise move is the latest attempt by Mylan to silence the uproar ignited by a more than 400% increase in EpiPen prices. The launch comes ahead of looming competition from Teva Pharmaceuticals, which is hoping to launch a generic EpiPen of its own as early as next year, pending FDA approval.

Mylan said it plans to launch the generic version in “several weeks” at a cost of $300 per two-pack carton, compared with $608 for the branded EpiPen.