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May 24, 2022 09:29 AM

Civica names Ned McCoy as its CEO

Gabriel Perna
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    Ned McCoy
    Civica

    Ned McCoy will be Civica's CEO starting June 1.

    Civica, the hospital-backed generic pharmaceutical company, named Ned McCoy as its new CEO on Tuesday. 

    McCoy is the company’s chief operating officer and will take over from current CEO, Martin VanTrieste on June 1. VanTrieste will stay on as an advisor to Civica and remain on its board of directors. As part of the transition, McCoy will join the board of directors. 

    McCoy has been with Civica since its formation in 2018. He has overseen the development of the company’s essential medicines manufacturing facility in Petersburg, Virginia, which is expected to open in 2024. He also helped Civica sign manufacturing deals for over 60 sterile injectable medications, which were delivered to its health system members. 

    Before Civica, McCoy worked at pharma giant Abbott for 32 years where he was a senior-level director in strategy. 

    “I am honored to serve as the next CEO of Civica and continue our pivotal work of delivering quality generic medications that are available and affordable to everyone,” McCoy said in a statement. 

    VanTrieste was Civica’s first-ever CEO. The long-time Amgen executive was named one of Modern Healthcare’s Most Influential People in 2021 for his work in growing the generic pharmaceutical company’s membership base. Civica has 50 health systems members, representing more than 1,200 hospitals across the U.S. It also added insurer Anthem in 2021.

    “Martin’s decision to come out of retirement four years ago to help us shape and launch Civica was critical to bringing together diverse stakeholders to create a more reliable and affordable approach to generic medicines,” Dan Liljenquist, chairman of Civica's board of directors, said in a statement.

    Civica recently said it plans to produce insulin that will be available at lower prices. The company reached a co-development and commercial agreement with GeneSys Biologics to create three insulin biosimilars, glargine, lispro and aspart, which are interchangeable with Lantus, Humalog and Novolog.

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    • News
      • Current News
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      • Transformation
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        • Midwest
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      • Digital Edition (Web Version)
    • Blogs
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      • From the Editor
    • Events & Awards
      • Awards
        • Nominate/Eligibility
        • 100 Most Influential People
        • 50 Most Influential Clinical Executives
        • Best Places to Work in Healthcare
        • Excellence in Governance
        • Health Care Hall of Fame
        • Healthcare Marketing Impact Awards
        • Top 25 Emerging Leaders
        • Top Innovators
        • Diversity in Healthcare
          • - Luminaries
          • - Top 25 Diversity Leaders
          • - Leaders to Watch
        • Women in Healthcare
          • - Luminaries
          • - Top 25 Women Leaders
          • - Women to Watch
      • Conferences
        • Digital Health Transformation Summit
        • ESG: The Implementation Imperative Summit
        • Leadership Symposium
        • Social Determinants of Health Symposium
        • Women Leaders in Healthcare Conference
      • Galas
        • Best Places to Work Awards Gala
        • Health Care Hall of Fame Gala
        • Top 25 Diversity Leaders Gala
        • Top 25 Women Leaders Gala
      • Virtual Briefings
        • - Hospital of the Future
        • - Value Based Care
        • - Hospital at Home
        • - Workplace of the Future
        • - AI and Digital Health
        • - Future of Staffing
        • - Hospital of the Future (Fall)
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      • Sponsored Video Series - Checking In with Dan Peres
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