Angered by rising prices and persistent shortages of generic drugs, four of the nation’s largest hospital systems are forming a new, not-for-profit manufacturer.
The new company plans to either directly make or subcontract manufacturing to combat “capricious and unfair pricing practices” that are damaging the generic drug market and hurting consumers, according to a statement from the four hospital groups — Intermountain Healthcare, Ascension, SSM Health, and Trinity Health, which together run more than 300 hospitals.
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sharks eating sharks. As a consumer I would not yet applaud. How about honest negotiations in the interest of the consumer.
Best story I’ve seen in a long time. Really worth doing!
These morons clearly do not understand drug manufacturing and pricing. Good luck!
Wow! The thought of a nonprofit drug manufacturer competing with the for-profit exploiters is really exciting. You should have a tremendous marketing advantage because there will be so much free publicity that you won’t have to spend money on advertising.
Do you have any idea how many millions of dollars it would take to open an FDA-approved manufacturing plant for just 1 medication? This will never happen.