September 7, 2018
Healthcare systems form own generic drug company
Editor's Note
Seven healthcare systems representing 500 US hospitals are forming Civica Rx, a nonprofit company that will manufacturer generic drugs, in an effort to combat shortages and skyrocketing prices, cnbc.com reported September 6.
The company, which is teaming up Intermountain Healthcare, the Mayo Clinic, HCA Healthcare, and four others, will begin with 14 drugs commonly used in hospitals.
The consortium could have its first products on the market by next year.
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