A new Utah nonprofit says it’s ready to combat drug shortages and price gouging, now that hundreds of hospitals have joined forces to form their own drug company and ensure a steady supply of some needed medications.
Civica Rx — introduced earlier this year as Project Rx — will begin selling 14 generic drugs to hospitals next year, according to the organization's CEO and administrators from Intermountain Healthcare, which helped launch the project.
"It only takes one generic company [to stabilize] a market if they are acting without a profit motive," said Intermountain executive and former Utah state senator Dan Liljenquist at a news conference Thursday.