Hospital groups launch own company to make generic drugs

By Associated Press

Published: 05:09 BST, 6 September 2018 | Updated: 05:09 BST, 6 September 2018

TRENTON, N.J. (AP) – Several major hospital groups are starting their own generic drug company to tackle chronic shortages and high prices.

The new company announced Thursday, Civica Rx, plans to start with 14 widely used hospital drugs long in short supply.

Those will include a mix of generic pills, patches and injectable drugs for treating infections, pain and heart conditions.

This undated photo provided by Intermountain Healthcare in September 2015 shows Dan Liljenquist, chairman of the Civica Rx board. This new generic drug company, launched by several major hospital groups on Thursday, Sept. 6, 2018, plans to tackle chronic shortages and high prices of widely used medications. (Intermountain Healthcare via AP)

This undated photo provided by Intermountain Healthcare in September 2015 shows Dan Liljenquist, chairman of the Civica Rx board. This new generic drug company, launched by several major hospital groups on Thursday, Sept. 6, 2018, plans to tackle chronic shortages and high prices of widely used medications. (Intermountain Healthcare via AP)

The first medicines should hit the market by the end of 2019. The company’s member hospitals could see savings of about 20 percent.

Drug shortages have been widespread for more than a decade, particularly for inexpensive generic drugs. Hospitals are particularly hard hit and frequently must scramble to find scarce medicines or come up with workarounds.

Advertisement

:

Sorry we are not currently accepting comments on this article.

Read more at DailyMail.co.uk