STAT Plus: Civica Rx teams with Blue Cross Blue Shield to widen its alternative market for generics
In its latest bid to rework the marketplace for generic drugs, the Civica Rx nonprofit is teaming with the Blue Cross Blue Shield Association and 18 of its health plans to supply copycat medicines and combat rising prices.
The nonprofit, which was formed two years ago by several hospital systems and philanthropic foundations, is creating a new subsidiary with $55 million in backing from Blue Cross and the plans. But other health plans and pharmacy chains will be encouraged to join and expand the effort, which involves manufacturing — either in-house or through a contracted supplier — up to 10 yet-to-be-determined generics by 2020.
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