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Thursday, January 17th, 2019

250 more hospitals just joined in on a plan to make their own drugs and the effort could upend the generic pharma business

Author:     Lydia Ramsey
Source:     Business Insider
Publication Date:     Jan. 13, 2019, 11:02 AM
 Link: 250 more hospitals just joined in on a plan to make their own drugs and the effort could upend the generic pharma business
Stephan:   The American pharmaceutical industry is an industry without morals. The price of drugs in this country, compared to the rest of the world, is so out of whack as to be obscene. These companies are the very epitome of the U.S. illness profit system -- what passes for healthcare in this country. As this report describes it has gotten so bad that hospitals are creating a counter-trend.
  • 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.

On Monday, the organization said that another 12 health systems had joined its ranks, including Illinois and Wisconsin-based Advocate Aurora Health, Michigan’s Spectrum Health, and NYU Langone Health. Together, they make add another 250 hospitals to the venture.

They join a slew of hospitals, including Catholic Health Initiatives, HCA Healthcare, Intermountain Healthcare, Mayo Clinic, and Providence St. Joseph Health that serve as governing members. The Department of Veterans Affairs is also consulting with Civica to make sure the agency […]

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