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Health
Sydney Lupkin

How rock-bottom prices drive shortages of generic drugs used in hospitals

The former Akorn pharmaceutical plant in Decatur, Ill., that made a wide range of generic drugs used in hospitals is being reopened under new ownership. (Emilija Manevska/Getty Images)

Steven Coventry spent 20 years at the Akorn pharmaceutical factory in Decatur, Ill., and worked his way up to operations manager.

The plant closed abruptly in February 2023, when the company shut down its four manufacturing facilities. In Decatur, Akorn laid off 400 employees.

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