A group of hospitals just picked a CEO to run their nonprofit generic drug company — and he's not getting paid to do it

• A group of hospitals have built a nonprofit generic drugmaker called Civica Rx. 
• The company will be led by pharma veteran Martin VanTrieste who won't be compensated for his work. 
• The hope is to make generic drugs that are in shortage or have artificially high prices based on what hospitals need. 

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Hospitals have a creative plan to tackle the high price and frequent shortages of generic drugs. 

The nonprofit company, dubbed Civica Rx, was first announced in January, and has since gained a lot of attention from other hospitals around the US who are interested in being a part of the venture. 

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