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Hospitals Prepare To Launch Their Own Drug Company To Fight High Prices And Shortages

Hospitals Prepare To Launch Their Own Drug Company To Fight High Prices And Shortages

Shortages of commonplace generic drugs have plagued hospitals in recent years. And with short supplies and fewer suppliers for key drugs, there have been price increases. Hospital purchasing agents keep searching for new sources for the medications that patients need, while clinicians scramble to find alternatives. Now Intermountain, along with several other major hospital systems and philanthropies, is taking the problem in hand. They are launching a nonprofit, generic drug company to help fight rising costs and chronic shortages. The company, called Civica Rx, will be independent. But the board will include so-called governing members that include Intermountain, the Mayo Clinic, and for-profit HCA Healthcare, among others. The new company plans to market 14 common generic drugs that have been in short supply and whose prices have risen in recent years. Harrison declined to name the drugs.

CriticalCare.news
September 6, 2018

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