by Admin1-bct | Jan 4, 2023 | Life Sciences
Starting this year, Medicare beneficiaries will have their out-of-pocket insulin costs capped at $35 per month as part of the 2022 Inflation Reduction Act. However, Civica Rx, a pharmaceutical company expanding in Petersburg, plans to produce insulin for everyone,...
by Admin1-bct | Dec 29, 2022 | Life Sciences
A nonprofit pharmaceutical company, Civica Inc., is set to offer insulin at a cost of no more than $30 per vial, making it much more affordable for the approximately 8 million Americans who rely on this life-saving medication. Civica, nearing the completion of a...
by Admin1-bct | Sep 2, 2022 | Funding
The White House has announced that the Richmond-Petersburg region will receive a federal grant of $52.9 million to create a research and manufacturing hub for essential medicines. This initiative, led by the Alliance for Building Better Medicine, is part of the Build...
by Admin1-bct | Sep 2, 2022 | Funding
The Alliance for Building Better Medicine, a coalition of public and private stakeholders in the Richmond-Petersburg region, has been awarded a federal grant of $52,942,702 from the U.S. Department of Commerce’s Economic Development Administration (EDA) through the...
