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A NFP generic drug company

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A group of major American hospitals, battered by?price spikes?on old drugs and long-lasting?shortages?of critical medicines, has launched a mission-driven, not-for-profit generic drug company, Civica Rx, to take some control over the drug supply. Backed by seven large health systems and three philanthropic groups, the new venture will be led by an industry insider who refuses to draw a salary. The company will focus initially on establishing price transparency and stable supplies for?14 generic drugs used in hospitals, without pressure from shareholders to issue dividends or push a stock price higher. https://www.washingtonpost.com/national/health-science/hospitals-are-fed-up-with-drug-companies-so-theyre-starting-their-own/2018/09/05/61c27ec4-b111-11e8-9a6a-565d92a3585d_story.html?
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By Lynn Wood

17 September 2018

 
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