Novartis signs five-year deal with Civica Rx on injectable medicines manufacturing
The agreement is aimed at helping to reduce essential drug shortages in the US
Novartis’ generics unit Sandoz has signed a long-term deal with non-profit pharma firm Civica Rx to manufacture and supply injectable generic medicines, to help reduce drug shortages in the US, the two companies announced on Tuesday.
Under the five-year agreement, Sandoz will supply six injectable medicines including antibiotics, acid reducers, blood thinners, blood pressure regulators and medicines required for operations which are all widely used at Civica’s 1,200 US member hospitals, to help ensure patients have access to high-quality, critical medicines when needed.
Initial supply is expected to begin shipping to Civica later this year.
“Frequent supply shortages of critical generic medicines result in additional pressure for hospitals and their staff and often lead to sub-optimal patient care,” said Carol Lynch, president of Sandoz.
"With Sandoz by our side, we will be able to stabilize the supply of more vital medicines used in hospitals daily and in times of crisis,” said Martin VanTrieste, president and CEO of Civica Rx.
Civica Rx’s hospital members to date include more than 50 health systems, representing 1,200 hospitals and more than 30 percent of all licensed US hospital beds.
Non-profit pharma firm Civica Rx will manufacture the finished dosage product on the same site as Phlow's precursor and API production and distribute via a network of more than 1,200 hospitals.
In late May, Civica, a generics maker started by hospitals fed up with rising drug prices, joined a Trump administration-funded initiative to produce a domestic generic supply of COVID-19 drugs.
In May, Civica signed up to a US government-funded initiative to manufacture generic COVID-19 treatments domestically.
Pharma start-up company Phlow Corporation won an eye-catching USD 354 million contract from the US government to manufacture generics and active pharmaceutical ingredients (APIs) needed for drugs in short supply, including COVID-19 treatments.
Under the terms of that agreement, Phlow is leading a team of private sector entities including Civica Rx and the Medicines for All Institute among others.
Civica Rx and its partners will manufacture finished dosage products of essential medicines, including vials and syringes.
Related News
-
News US BIOSECURE Act passed by US House of Representatives
The controversial act, which has already impacted several foreign companies operating in the US, was passed by the House of Representatives on September 9, 2024. It is now headed for the US Senate before it can be signed into law by President Joe Biden... -
News Pharma Supply Chain People Moves
The latest appointments, promotions, and structural changes across the pharmaceutical supply chain. -
News Drug prices agreed upon as part of the US Inflation Reduction Act
The Inflation Reduction Act brought into constitution by the Biden administation in 2022, which proposed a drug price negotiation between the government and pharmaceutical companies, has reached it's first agreement. -
News BIOSECURE Act continues to loom over Chinese pharma manufacturers
With the US BIOSECURE Act on its way to passing into legislation, Chinese companies are facing declining revenues within the first half of 2024 as US pharmaceutical and healthcare companies pull their businesses from the country. -
News Ophthalmologic drug product Eylea faces biosimilar threats after FDA approvals
Regeneron Pharmaceutical’s blockbuster ophthalmology drug Eylea is facing biosimilar competition as the US FDA approves Biocon’s Yesafili and Samsung Bioepis/Biogen’s Opuviz. -
News ONO Pharmaceutical expands oncology portfolio with acquisition of Deciphera
ONO Pharmaceutical, out of Japan, is in the process of acquiring cancer-therapy maker Deciphera Pharmaceuticals for US$2.4 billion. -
News First offers for pharma from Medicare drug price negotiations
Ten high-cost drugs from various pharma manufacturers are in pricing negotiations in a first-ever for the US Medicare program. President Biden’s administration stated they have responded to the first round of offers. -
News Eli Lilly’s Zepbound makes leaps and bounds in weight-loss drug market
In the last week, Eli Lilly has announced their partnership with Amazon.com’s pharmacy unit to deliver prescriptions of Zepbound. Zepbound has also surpassed Novo Nordisk’s Wegovy for the number of prescriptions for the week of March 8.&nbs...
Position your company at the heart of the global Pharma industry with a CPHI Online membership
-
Your products and solutions visible to thousands of visitors within the largest Pharma marketplace
-
Generate high-quality, engaged leads for your business, all year round
-
Promote your business as the industry’s thought-leader by hosting your reports, brochures and videos within your profile
-
Your company’s profile boosted at all participating CPHI events
-
An easy-to-use platform with a detailed dashboard showing your leads and performance