- 2 Group Purchasing Organizations (GPO) listing agreements cover, Redesca™ and Redesca HP™, as well as 3 other Valeo hospital products
- The 2 multi-year product listings commenced on October 1, 2021
- The GPOs together represent more than 700 hospitals and healthcare facilities across 5 provinces including Ontario
MONTREAL, Oct. 13, 2021 /PRNewswire/ - Valeo Pharma Inc. (CSE: VPH) (OTCQB: VPHIF) (FSE: VP2) ("Valeo" or the "Company"), a Canadian pharmaceutical company, announced today that it has been awarded two multi-year listing agreements by two of Canada's largest Group Purchasing Organizations ("GPO") for Redesca as well as three additional hospital specialty products.
Under the terms of the contracts, the GPOs have listed Redesca™ and Redesca HP™, Valeo's leading low molecular weight heparin ("LMWH") biosimilar, as well as three other hospital products (Amikacin, Ethacrynate Sodium and Benztropine), for a 3-year period starting on October 1, 2021.
"These listing agreements significantly expand the number of Canadian hospitals that can now access Redesca. Increased hospital accessability, coupled with extensive public and private reimbursement coverage, provides a solid foundation to support the continued growth of Redesca. The Canadian hospital market is highly sought-after and competitive, our commercial team continues to delivery results in this environment ", said Steve Saviuk, Chief Executive Officer.
Commenting on the GPO contract signature, Frederic Fasano, President and Chief Operating Officer said, "Our new corporate structure and commercial platform allow us to successfully pursue and develop strong partnerships with leading GPO across the country and better service their evolving needs. The support provided by our dedicated team of key account managers and medical affairs professionals combined with the strong supply chain in place make Redesca's value proposition very attractive for hospitals".