Civica Rx, a new not-for-profit company that was established to help stabilize the supply of essential generic medications, has opened its new headquarters, located at 2912 Executive Parkway in Lehi, UT.
Joining the Civica Rx team in a grand opening ceremony and ribbon cutting were Utah Governor, Gary Herbert; U.S. Congressman Ben McAdams (UT); Intermountain Healthcare CEO, Dr. Marc Harrison; University of Utah Senior Director Drug Information Services, Erin Fox; and Civica Rx Chairman of the Board and the “brainchild” of Civica Rx, Dan Liljenquist, who is also SVP of Strategy at Intermountain Healthcare. U.S. Senators Mitt Romney and Mike Lee of Utah provided congratulatory video remarks.
Lehi, referred to locally as “Silicon Slopes,” was chosen because it is centrally located amid Utah’s major universities and has become a hub for Utah’s start-up and tech community, which will enable Civica Rx to draw on local expertise and talent. The Lehi office will house approximately 40 people soon and expansion opportunities in Lehi are expected to bring the office to four or five times that size within three to five years.
Civica Rx exists in the public interest as a non-profit, non-stock corporation focused on reducing chronic generic drug shortages, which have negatively impacted patient care for over a decade. It was founded by leading U.S. hospital systems concerned about drug shortages and philanthropic organizations passionate about improving healthcare.
“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 sub-optimal treatments for patients, and can lead to unpredictable price increases that result in budgetary instability in hospitals.”
Event speakers highlighted the challenges associated with generic drug shortages in the nation’s hospitals, shared enthusiasm about the promise of Civica Rx as an innovative, collaborative approach to stabilizing generic drug supply, and expressed pride in welcoming Civica Rx to Utah.