Company Profile
Civica Rx
Company Overview
WHY CIVICA?
Because patients should have the essential medicines they need when they need them. As a rapidly growing, entrepreneurial, nonprofit generic drug company created by hospital systems and philanthropies, Civica's mission is to reduce and prevent drug shortages while assuring quality generic medicines are accessible and affordable to everyone.
Because the United States experiences chronic shortages of essential generic medicines used daily in hospitals, we are building a state-of-the-art sterile injectable manufacturing facility to combat these shortages. This new facility is part of our broad strategy to stabilize the supply of generic medicines for emergency rooms, surgeries, COVID-19 patient care, and an array of other serious conditions.
Company History
Over the past two decades, shortages of generic, injectable drugs critical to the lifesaving work of hospitals in the United States have become commonplace. These drug shortages are so ubiquitous that hospitals and health care systems now maintain permanent drug shortage response teams that seek alternatives to unavailable drugs.
As a result, time that hospital pharmacists, technicians, nurses and others would prefer to spend caring for patients is spent ensuring that the patients who most need short-supply drugs get whatever supply is available.
Civica was created to reduce and prevent drug shortages and the price spikes that can accompany them. Its mission is to make quality generic medicines accessible and affordable to everyone.
Notable Accomplishments / Recognition
We are partnering with hospitals and healthcare systems to (1) prioritize production of generic drugs and (2) purchase Civica generic drugs, based on hospital systems’ clinical needs.
We are creating market stability by procuring or manufacturing the products required by our hospital systems
We are guaranteeing volumes for our hospitals and health system partners for each drug we manufacture
We are establishing long-term partnerships that will allow us to guarantee predictable, long-term supply
We are providing our suppliers with long-term, predictable volumes
We are working with trusted, FDA-approved manufacturers with high-quality track records. We are embedding a collaborative, rigorous quality assurance process with each partner and will have a single price point for each drug, regardless of health system size
We are assuring that our prices are transparent and competitive
We are fixing broken markets by applying for Abbreviated New Drug Applications (ANDA) for each drug we manufacture
We are having the R&D expertise necessary to enter identified drug markets and develop medications that our patients need
We are partnering with our governmental and regulatory agencies to assure we are working together in a way that benefits our patients
Benefits
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