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