Posted by Michael Wonder on 21 Apr 2018
Bible Hill firm has plan to lower drug prices
19 April 2018 - Genrus United is working on building large buying group.
A Bible Hill-based buying group that offers relief from high drug prices is growing so fast its top execs are trying to slow things down while they raise more capital to fuel the expansion.
“We’ve raised $400,000 to start and we’re looking to raise another $1 million,” said Paul Graham, president and co-founder of Genrus United, in an interview.
The one-year-old company founded by insurance and pharmaceutical industry execs and a lawyer is taking a page from Costco’s playbook to create a membership-based buying group to negotiate lower drug prices.
