7 hospitals launch generic drug company

Published: Sep. 6, 2018 at 4:47 PM CDT
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Mayo Clinic Health System is joining hospitals to launch a not-for-profit generic drug company.

Mayo Clinic is working with six other hospitals in launching Civica RX.

Mayo Clinic says the generic drug company will help patients by addressing shortages and high prices of live saving medications.

The department of Veterans Affairs will also work with Civica RX.

The manufacturer says it expects to have its first products on the market by 2019.