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GIA members form Civica RX nonprofit drug company

posted Mon, Nov 12, 2018   by Peterson Center on Healthcare

To address the critical risks posed to patients from chronic shortages and rising prices of life-saving generic medications, three national foundations committed $30 million to help establish Civica Rx, a new not-for-profit generic drug company. The Laura and John Arnold Foundation joined GIA members the Peterson Center on Healthcare and the Gary and Mary West Foundation, each committing $10 million, joining seven large U.S. hospital systems representing approximately 500 U.S. hospitals as governing members of Civica Rx.

 

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