Jan 7, 2019
250 More Hospitals Just Joined in on a Plan to Make Their Own Drugs And The Effort Could Upend The Generic Pharma Business
Posted by Genevieve Klien in categories: biotech/medical, business, health
- 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.