CVS Health reportedly launching a GPO called Zinc

CVS Health reportedly is launching a group purchasing organization for its pharmacy benefit manager business, according to a Nephron Research report cited by Drug Channels.

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

© Copyright ASC COMMUNICATIONS 2020. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Featured Webinars

Featured Whitepapers