Mylan has been criticized by many for hiking the price more than 400 percent since 2009.
The drug store chain said it cut the price of the generic version of Adrenaclick almost in half and that the lower price is available in all its stores.
Almost 150,000 people signed a petition in 2016 calling for a lower-priced epinephrine auto-injector option, she said. "Patients can now purchase the authorized generic for Adrenaclick at a cash price of $109.99 for a two-pack - the lowest cash price in the market".
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Millions of parents of sufferers carry epinephrine injectors with them at all times and quickly administer a shot in cases of anaphylactic reactions. That's significantly lower than the sticker price for EpiPen, which is now well above $600 for two injectors.
He said many drug companies are "getting away with murder" at his first press conference since the election on Wednesday. Then in December, Mylan launched a generic version of its own EpiPen with a price tag of $300-half the cost of the brand name, but still triple of what it cost when Mylan acquired the product in 2007.
Shares of most drugmakers sank nearly immediately and are still under pressure today, though the decline in Mylan's stock outpaced most.
But patients with no health insurance or plans that make them pay a high deductible before covering care are exposed to the full price of the drug if they aren't aware of that assistance or if they don't seek it. At his first news conference as president-elect, Trump vowed to change the way the US bids on drugs.