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Hospitals create big pharma company to fight high drug prices

by Futures Centre, Jan 25
1 minute read

Hundreds of hospitals have banded together to form a pharmaceutical company that will help to combat high drug prices.

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Their aim is to counter sharp raises in drug prices by certain companies who have bought up old, off-patent drugs. The sudden hike in prices has resulted in hospital shortages of basics like morphine and saline. 

According to The Independent: “The new drug company will be nonprofit and provide hospitals with generic drugs either through a third-party or in-house manufacturer, with a focus on a specific set of generic drugs which have seen price increases in order to not take on the entire pharmaceutical industry.”

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