Lifeboat Foundation

• A group of hospitals have built a nonprofit generic drugmaker called Civica Rx.
• On Monday, another 12 health systems joined the organization.
• The hope is to make generic drugs that are in shortage or have artificially high prices based on what hospitals need.

Hospitals have a creative plan to tackle the high price and frequent shortages of generic drugs.

The nonprofit company, dubbed Civica Rx, was first announced in early 2018, and has gained a lot of attention from other hospitals around the US who are interested in being a part of the venture.