The name of the GPO is Zinc, according to Nephron Research, a healthcare investment research provider.
While very few details about the plan were revealed, Zinc is expected to be similar to Ascent Health Services, a Switzerland-based GPO that Express Scripts launched in 2019, according to the report.
Ascent helps conduct rebate negotiations for Express Scripts. Prime Therapeutics also has relied on Ascent for rebate negotiations, according to the report.
CVS Health declined to comment.
Access the full report here.
More articles on pharmacy:
Prices of 245 drugs hiked in 6 months
Pfizer sues HHS over Medicare rules
Gilead sets remdesivir price, allocation plan
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
