Not For Profit Generic Drug Company Being Formed

SSM Health, the new sponsoring partner of Agnesian HealthCare, and other leading U.S. health systems are developing a not-for-profit generic drug company. Intermountain Healthcare is leading the collaboration with Ascension, SSM Health, and Trinity Health, in consultation with the U.S. Department of Veterans Affairs. The five organizations represent more than 450 hospitals around the U.S. Other health systems will soon be joining this not-for-profit initiative, which will make essential generic medications more available and more affordable. The initiative is expected to help patients by addressing shortages and high costs of lifesaving generic medications.