DermaPure® secures first GPO contract in US
York, 1 July 2016 - Tissue Regenix Group (AIM:TRX) ("Tissue Regenix" or "The Group") the regenerative medical devices company announces that Tissue Regenix Wound Care, Inc. has secured a contract agreement with a national US Group Purchasing Organization (GPO) for the use of DermaPure®.
A GPO negotiates contracts and pricing with an Integrated Delivery Network (IDN) on behalf of its members which can include; regional alliances, hospitals and individual physician offices.
Effective from today, Tissue Regenix Wound Care Inc. secured a 3-year contract agreement with a national GPO which spans across 43 states and is affiliated with 48 IDNs, with a membership comprised of more than 800 acute care hospitals, 186 different Health Systems and more than 1000 long-term care facilities. This agreement now makes it easier for physicians within these facilities to access DermaPure® for the treatment of their patients.
Greg Bila, President Tissue Regenix Wound Care, Inc. commented: 'This first GPO agreement marks another significant milestone for DermaPure®, allowing a multitude of care settings and physicians to access the product. The results and clinical support that we have seen, to date, has been outstanding and we are pleased to be able to convert this into further market penetration and availability.'