Hospitals Prepare To Launch Their Own Drug Company To Fight High Prices and Shortages

A leader in the generic drugmaker being launched by hospitals is Intermountain Healthcare, whose Intermountain Medical Center Patient Tower in Murray, Utah, is seen here.

A consortium of hospital systems and three foundations is moving ahead with a nonprofit drugmaker that would produce some of the generic medicines health care facilities need the most.

(Image credit: Courtesy of Intermountain Healthcare)