Baudax Bio Secures Pharmacy Supplier Agreement with Vizient Inc. for ANJESO
MALVERN, Pa., July 20, 2020 (GLOBE NEWSWIRE) -- Baudax Bio, Inc. (NASDAQ:BXRX), a pharmaceutical company focused on therapeutics for acute care settings, today announced that it has entered into a
Pharmacy Supplier Agreement with Vizient, Inc. effective as of July 1, 2020, to offer ANJESO (meloxicam) injection, a non-opioid option for managing moderate to severe pain. The agreement offers
enhanced savings to Vizient’s diverse membership, which includes more than 50% of the nation’s acute care providers, including 95% of the nation’s academic medical centers, and more than 20% of
ambulatory care providers.
“Agreements like this one with Vizient are important to Baudax and our customers as it helps increase patient access to important medicines like ANJESO,” said Gerri Henwood, President and CEO of Baudax Bio. “Since the official launch of ANJESO in June, Baudax Bio has deployed its sales force across the U.S., with the goal of bringing ANJESO to as many patients as possible. Thus far, clinician interest has been strong and we look forward to expanding our commercial reach to now include Vizient members who will benefit from meaningful contract savings.”
Vizient, Inc. is the largest member-driven healthcare performance improvement company in the United States. Vizient provides expertise, analytics and advisory services, as well as a contract portfolio that represents more than $100 billion in annual purchasing volume, to improve patient outcomes and lower costs.
About Baudax Bio
Baudax Bio is a specialty pharmaceutical company focused on therapeutics for acute care settings. The Company’s first commercial product, ANJESO, had its New Drug Application approved by FDA on February 20, 2020 for the management of moderate to severe pain, alone or in combination with other non-NSAID analgesics. ANJESO is a once daily IV NSAID with preferential Cox-2 activity, which has successfully completed three Phase III clinical trials, including two pivotal efficacy trials, a large double-blind Phase III safety trial and other studies for the management of moderate to severe pain. As a non-opioid, IV meloxicam has the potential to overcome many of the issues associated with commonly prescribed opioid therapeutics, including respiratory depression, constipation, excessive nausea and vomiting, as well as having no addictive potential while maintaining meaningful analgesic effects for relief of pain. For more information please visit www.baudaxbio.com.