Siemens’ PETNET Solutions Signs Agreement with Novation for PET Radiopharmaceuticals

Jul 27, 2012

Agreement will offer Siemens’ PETNET Solutions’ oncology, cardiology and neurology radiopharmaceuticals to the healthcare providers served by Novation


PETNET Solutions Inc., a wholly owned subsidiary of Siemens Medical Solutions USA Inc., today announced the signing of a five-year agreement with Novation, a leading healthcare supply chain expertise and contracting company, to offer its portfolio of positron emission tomography (PET) radiopharmaceuticals for oncology, cardiology and neurology to healthcare facilities nationwide. Novation provides sourcing services, as well as information and data services, to a wide range of U.S. healthcare providers.


Based in Knoxville, Tenn., Siemens’ PETNET Solutions operates the world’s largest network of integrated FDA-registered and state-licensed PET radiopharmaceutical manufacturing and radiopharmacy facilities, with over 50 locations worldwide. Siemens’ PETNET Solutions manufactures and dispenses PET radiopharmaceuticals for hospitals, clinics and research facilities. With this new five-year agreement, Siemens’ PETNET Solutions will offer the members served by Novation the largest selection of PET radiopharmaceuticals from a single radiopharmaceutical supplier for oncology, cardiology and neurology.


“Siemens’ PETNET Solutions is pleased to continue our relationship with Novation by providing the healthcare organization it serves with our PET radiopharmaceuticals – proprietary and generic – for clinical use in the United States. The use of these radiopharmaceuticals, in addition to all other PETNET Solutions services, will help ensure that Novation customers remain at the forefront of PET imaging,” said Dr. Christoph Zindel, CEO, PETNET Solutions.



Founded in 1998, Novation is the leading healthcare supply chain expertise and contracting company for the more than 65,000 members of the VHA Inc. and UHC, two national healthcare alliances, and Provista, LLC. Novation provides alliance members with sourcing services, as well as information and data services. Based in Irving, Texas, Novation recently earned the coveted Ethics Inside Certification® from Ethisphere Institute, a leading international think tank dedicated to the research and promotion of best practices in corporate ethics and compliance. Novation was also named on Ethisphere’s World’s Most Ethical Companies list and is the only company in the healthcare industry to earn both distinctions.

The Siemens Healthcare Sector is one of the world's largest suppliers to the healthcare industry and a trendsetter in medical imaging, laboratory diagnostics, medical information technology and hearing aids. Siemens offers its customers products and solutions for the entire range of patient care from a single source – from prevention and early detection to diagnosis, and on to treatment and aftercare. By optimizing clinical workflows for the most common diseases, Siemens also makes healthcare faster, better and more cost-effective. Siemens Healthcare employs some 51,000 employees worldwide and operates around the world. In fiscal year 2011 (to September 30), the Sector posted revenue of 12.5 billion euros and profit of around 1.3 billion euros. For further information please visit: