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For parents with kids who have severe allergies, the EpiPen is literally a life-saver. An EpiPen is a portable device that delivers epinephrine and can stop anaphylactic shock due to a life-threatening allergic reaction.

Unfortunately, the pharmaceutical company Mylan has increased the prices for an EpiPen by 400 percent since 2008. What was once $100 eight years ago, is a little more than $500 today. Why?

In a recent statement by Mylan, the company said that the prices have “changed over time to better reflect important product features and the value the product provides.” In other words, they have no competitors and they know folks around the world NEED this life-saving device.

The company offers coupons on its website that can help reduce costs, but many parents still see this as ethically irresponsible.

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Do you carry an EpiPen with you? Let us know in the comments below!

H/T: NBC News