Blue Cross Insurers To Create Their Own Drug Company Amid Price Fight [Forbes]
Pfizer, Inc. (PFE)
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Source: Forbes
Blue Cross and Blue Shield health insurers are launching their own nonprofit drug company with Civica Rx The Blue Cross Blue Shield Association new drug applications (ANDAs) These health insurers won’t be investing in research and development like brand name drug giants Pfizer or Merck, but will partner with Civica “and manufacturing partners to bring more affordable generic drugs to uncompetitive markets in exchange for aggregate volume and multiyear purchasing commitments.” Thus, the Blue Cross-Civica Rx venture will act more like a generic drug maker that acquires and develops prescriptions and gets regulatory approval of ANDAs has already grabbed headlines by three philanthropies This time, Civica is moving into the retail and outpatient healthcare setting in a move that could have a much broader impact on the prices consumers pay for prescription drugs. “We are still focusing on generic drugs . . . ones that have artificially high prices in outpatient settings,” Civica Rx chief e
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PFE
Earnings
- 1/30/24 - Beat
PFE
Sec Filings
- 4/16/24 - Form 4
- 4/16/24 - Form 4
- 4/16/24 - Form PX14A6G
- PFE's page on the SEC website