Hospitals Prepare to Launch Their Own Drug Company to Fight High Prices and Shortages
September 10, 2018
(NPR) – 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 companies are unveiling the new venture’s name, structure and leadership on Thursday. The intention to start it was announced in January.