The company said it chose Lehi because of the city’s central location amid Utah’s major universities, its position as a hub for Utah’s startup and tech community and for its expertise and talent. The headquarters will initially house about 40 people but is expected to reach four or five times that size within three to five years.
Civica Rx was founded to address drug shortages and combat rising medication prices.
“Together we celebrate the reason why Civica Rx exists, in purpose and in brick and mortar, and that is to do what is in the best interest of patients by stabilizing the supply of generic medications,” said Martin VanTrieste, Civica Rx CEO. “Drug shortages strain hospital staff, lead to delayed surgeries and suboptimal treatments for patients, and can lead to unpredictable price increases that result in budgetary instability in hospitals.”
More articles on pharmacy:
PBM hearing should prompt bill to ban ‘secrecy’ in drug industry, senator says
Republicans tell drugmakers that complying with House probe could hurt their stock prices
Hawaii primary care network opens in-house pharmacy
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.