Teva launches generic version of EpiPen for kids

Teva Pharmaceuticals has launched its generic version of Mylan's EpiPen Jr., the lifesaving allergy treatment for young children.

The generic EpiPen Jr. auto-injector will be available in most retail pharmacies across the U.S. at a price of $300 for a two-pack.

Teva already launched the EpiPen generic for adults after securing FDA approval on the product last August.

There has been a shortage of EpiPens in the U.S. and Mylan warned in June it expects shortages to continue.

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